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.
RHB Investment Bank is staying bullish on Malaysia’s tech sector , maintaining its OVERWEIGHT rating as recovery momentum builds and valuations remain attractive. The sector is now trading at below 20x forward P/E , well under its 5-year average—opening the door for a potential re-rating . Why RHB Is Optimistic: Earnings Strength : Across the supply chain, companies are showing stronger revenue and giving positive forward guidance . Engineering Support Services report robust order books , often a leading signal for automated test equipment (ATE) and OSAT providers . EMS players (Electronics Manufacturing Services) see healthy visibility , backed by new project wins and customer interest. New tech rollouts, product launches, and demand recovery are expected to boost the sector through 2H25. Malaysia’s Strategic Advantage: Short-term boost from order diversion and long-term gain from manufactur...