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.
Berjaya Food Bhd (BFood) has reported a net loss of RM38.2 million for the fourth quarter ended June 30, 2024 (4QFY2024), marking a significant downturn from the net profit of RM17.28 million recorded in the same period last year. This shift to losses is attributed to the negative sentiment stemming from the ongoing conflict in the Middle East, which has affected consumer behavior and overall market conditions. Key Points: Quarterly Performance : BFood's loss per share for 4QFY2024 was 2.16 sen, compared to an earnings per share of 0.99 sen in 4QFY2023. The company did not declare any dividend for this period. Additionally, revenue dropped sharply by more than half, from RM271.75 million a year ago to RM130.57 million. Full-Year Results : For the full fiscal year 2024, BFood posted a net loss of RM91.52 million, a stark contrast to the net profit of RM103.4 million in FY2023. The losses were exacerbated by weaker consumer sentiment and a one-off loss related to the disposal of its ...