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.
Sunway Construction (SUNCON) saw its stock tumble 18% before recovering, after news broke that one of its employees is under MACC investigation for alleged misconduct with subcontractors. While the case is still under investigation, it’s clear that SUNCON is taking swift and transparent action: The employee has been suspended. SUNCON reaffirmed its zero-tolerance stance on bribery and corruption. The firm holds ISO 37001:2016 Anti-Bribery certification and complies with MACC Act Section 17A . Impact on valuation: Kenanga removed the 5% ESG premium, revising the target price to RM5.66 (from RM5.94), but maintains a “Market Perform” rating. Why it matters: ESG isn’t just a checkbox—this case is a real-world stress test . SUNCON's robust compliance framework might be its shield, but it also highlights that integrity culture must go beyond policies .