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.
China's recent efforts to revive the struggling housing market have yielded promising results, with reports of brisk sales and increased buyer interest during the Golden Week holiday . In cities offering promotions, visits by prospective homebuyers jumped by at least 50%, according to CCTV News , with Beijing seeing expressions of interest in new homes double in the first three days of October. In Shenzhen , sales of new homes soared more than 10 times in the first six days of the month, and second-hand home transactions more than tripled. These developments follow a series of government measures aimed at stabilizing the real estate sector , including lowering mortgage rates and reducing downpayment requirements for second-home purchases. Local governments in cities like Beijing and Shanghai have also widened eligibility for property purchases to stimulate demand. The policy shifts have driven a rally in Chinese developer shares , particularly those listed in Hong Kong . A Bl...