KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Shares of Malayan Flour Mills Bhd (KL) dropped to their lowest level in more than five months on Wednesday after the company announced it would not receive a second earnout payment from a previously announced stake sale. The stock fell 7.7% or 5.5 sen to 65.5 sen , its lowest price since May 2024 . As of 9:25 a.m. , the stock had partially recovered to 67.5 sen , with a market capitalization of RM836 million . Trading volume reached 4.8 million shares at that time. This decline reflects investor concerns over the impact of the missed earnout payment on the company's financial outlook. Source: theedgemalaysia