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 Developments Pte Ltd (SDPL) – a wholly-owned subsidiary of Sunway Berhad – and Sing Holdings Residential Pte Ltd (SHRPL) have successfully secured a prime residential land parcel at Chuan Grove for S$703.6 million (~RM2.33 billion). 📍 Site Details: Location: Chuan Grove , near Lorong Chuan MRT station Size: 15,831.5 sqm (~3.91 acres) Lease Tenure: 99 years First Government Land Sales (GLS) site in Chuan Grove since 2009 Joint Venture Structure Partner Equity Share Sing Holdings Residential (SHRPL) 65% Sunway Developments (SDPL) 35% A JV company will be formed to undertake development of the "Proposed Project." Why It Matters Prime Location : Close to public transport, schools, and urban amenities Strong Demand : Tender attracted multiple bidders – signals market confidence Earnings Impact : Project expected to contribute to Sunway’s earnings from FY2026 onwards Risk Factors & Miti...