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: G20 leaders have reached a consensus on voluntary climate finance contributions from developing nations, marking progress but leaving challenges unresolved ahead of COP29 and COP30. Highlights from the Rio Summit Voluntary Contributions Agreed: G20 leaders finalized a statement early Sunday acknowledging voluntary contributions from developing nations to climate finance. The agreement stops short of mandatory obligations , reflecting compromises between wealthy and developing nations. Focus on Climate Finance: Economists estimate that at least $1 trillion annually is needed to fund climate efforts in developing countries. Wealthy nations are pushing for richer developing countries, such as China and Middle Eastern oil producers , to contribute more. Broader Context G20's Role in Emissions: G20 countries account for 85% of global GDP and 80% of global emissions , placing them at the center of climate action. UN Secretary-General António Guterres called on G20 lead...