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.
Sector View: Bullish on upstream solar segments (polysilicon & PV glass) Key Takeaway: Structural supply reform and policy support to lift margins and reduce volatility The solar energy sector is showing early signs of a cyclical recovery— particularly in the upstream segments of polysilicon and solar glass —driven by policy tailwinds, supply-side discipline, and cost rationalisation . Polysilicon: ASP Recovery in Progress Recent developments in China hint at industry consolidation and proposed price floors for polysilicon. These measures are expected to stabilise the market after a prolonged period of oversupply and price erosion. Supply tightening and improved cost control are already triggering an uptick in average selling prices (ASPs). As polysilicon accounts for a significant portion of upstream solar costs, margins are likely to recover first at this stage of the value chain . Key Beneficiary: GCL Technology Holdings Ltd (3800-HK) ...