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 Takeaway: Property, industrial, and tech-related news dominated Wednesday’s market updates, with major project launches, asset sales, and shareholder changes across leading Malaysian companies. Property & Construction UEM Sunrise (KL:UEM) The Federal Court has dismissed UEM Sunrise’s appeal to challenge the Inland Revenue Board’s RM8.49 million additional tax assessment. The ruling reverses a previous Court of Appeal decision that allowed its subsidiary UEM Land Bhd to pursue judicial review and defer payments. 📌 Impact: Negative sentiment due to final legal loss and potential cash outflow. S P Setia (KL:SPSETIA) Partnering with Japan’s Mitsui Fudosan to develop a RM1.3 billion residential project in Semenyih , under Setia MF EcoHill Sdn Bhd . The first phase will launch in 2026 . 📌 Impact: Positive for long-term earnings visibility and foreign JV credibility. Tropicana ...