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.
Key Investment Highlights 1. Strong Position in National Security Solutions NexG Berhad (NEXG) specializes in secure ID documents and smart card solutions, catering to national-scale, high-security projects. Its customer base includes the Malaysian Passport and National ID divisions, making it a reliable and entrenched player in the government-tech space. 2. New High-Security Facility with RM250m Investment Potential NEXG plans to build a RM250 million facility to expand into secure document and identity systems production. The project is expected to bring in between USD100m–USD200m revenue per phase and will be financed via a mix of private placement and internal reserves. 3. Strategic Machinery Upgrade and Expansion The company is investing in a new 30,000 sqft factory in Klang Valley (RM18.4m), alongside machinery upgrades (RM11m), R&D for mobile and anti-fraud systems (RM6m), and IT systems (RM4m). These upgrades are vital to support its expanding order book and strengthen long...