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.
Bahvest Resources Bhd, soon to be known as Aumas Resources Bhd , has announced plans to acquire RM22.82 million worth of mining equipment from Chengdu Mining Maintenance Technology Co Ltd , a China-based firm. The equipment will support the construction of a new gold mining processing plant near its existing facility in Bukit Mantri, Tawau, Sabah . Key Highlights Plant Capacity Expansion: The new facility will have a processing capacity of over 2,000 tonnes per day (tpd) , nearly doubling the throughput of the current plant, which operates at 1,200 tpd . Timeline: The plant's commissioning is expected within the next 12 months . Operational Benefits: Increased production to meet growing demand. Enhanced operational efficiency and resource utilisation. Improved profitability and cost-effectiveness amidst fluctuating industry conditions. Market Impact Competitiveness: The plant's enhanced capabilities aim to solidify Bahvest's position in the gold minin...