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.
Malaysia Corporate Round-Up: SkyWorld, Econpile, Vantris, Citaglobal, NexG, DXN, CIMB, Cahya Mata, Perak Transit, Bina Puri, Telekom & Scicom
Key Takeaways: Property expansion: SkyWorld, Citaglobal, Classita/NexG, and Bina Puri drive growth through new projects and land acquisitions. Governance & legal updates: Econpile and Vantris (ex-Sapura) clarify legal matters; CIMB announces senior leadership change. Strategic initiatives: DXN leverages luxury assets for distributor incentives; Perak Transit targets recurring revenue with smart bus stops. Partnerships: Scicom and Telekom Malaysia collaborate on AI-driven customer engagement. Property & Infrastructure Developments SkyWorld Development (SKYWLD): To acquire a 2.33-acre site in Ho Chi Minh City for RM136m. Plans a 40-storey tower with 1,200+ apartment units plus retail and service facilities. Citaglobal (CITAGLB): Exercised a RM90m land option in Pahang to independently develop a 247-acre industrial park via its property arm. Classita Holdings (CLASSITA → NexG Bina): Selling non-cor...