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.
The Malaysian Aviation Commission (Mavcom) received 2,083 complaints in the first half of 2024 (1H2024), reflecting a 32% year-on-year decrease compared to the same period in 2023, according to its bi-annual consumer report . Of these complaints, 98% were related to airlines , while the remaining 2% concerned airport services . Firefly , a subsidiary of Malaysia Aviation Group, recorded the highest number of complaints, with 166 complaints per million passengers , followed by Batik Air Malaysia (formerly Malindo Air) at 139 complaints , and AirAsia X Bhd at 127 complaints . The top three complaint categories were flight cancellations, mishandled baggage, and flight delays , which made up 42% of the total complaints. Despite the high volume, Mavcom resolved 97% of the complaints, with 45% of them resolved in favor of consumers after airlines reversed initial decisions. However, 579 complaints were deemed unactionable due to incomplete documentation or other jurisdiction...