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.
A Landmark Tender Attracts Heavyweights and Rising Contenders Malaysia’s first-ever grid-scale battery energy storage system (BESS) tender — known as MyBeST — has sparked intense interest, drawing over 20 bidders across more than 30 proposals. The ambitious programme aims to develop four 100MW/400MWh battery assets to support solar integration and address peak power demands in Peninsular Malaysia. Heavyweights such as Tenaga Nasional, YTL Power, and Malakoff have thrown their hats into the ring, alongside emerging players and EPCC specialists. Notably, some companies submitted multiple bids via subsidiaries or consortiums, underscoring the sector’s lucrative long-term potential. Front Runners: Tenaga’s Track Record and Consortium Advantage Tenaga Nasional Bhd (TNB) is seen as a likely frontrunner , given its experience with a similar-capacity battery project in Dungun, Terengganu. Meanwhile, YTL Power and Malakoff-linked entities bri...