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 NationGate Holdings Bhd fell over 11% to RM2.09 in early trading Thursday, following weaker-than-expected 3Q2024 results . The company, valued at approximately RM4.8 billion , saw 30 million shares traded , prompting the suspension of intraday short selling (IDSS) for the day. Key Takeaways from 3Q2024 Results: Revenue: Doubled quarter-on-quarter ( q-o-q ) due to higher server deliveries , but margins contracted by 1 percentage point to 6% . Core Net Profit: Down 18% q-o-q to RM22 million , despite a 19% year-on-year (y-o-y) increase . Distortions: Profit was impacted by one-offs, including: RM18 million provision for product liabilities RM7 million product development costs RM20 million cost of goods revaluation For 9M2024 , core net profit rose 53% y-o-y to RM70 million , but results accounted...