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.
Zhizi’s IPO Plans & Market Position Zhizi Automobile Technology Co is considering a Hong Kong IPO to raise about $200 million (¥1.44 billion) . Discussions with advisers are ongoing , but no final decision has been made. China’s Growing EV Truck Market China leads the global EV market due to cost advantages, technological advancements, and battery material access . Electric truck sales in China more than doubled in 2024 , highlighting strong demand for commercial EVs. Zhizi manufactures electric trucks, tractors, and commercial vehicles , competing with Windrose Technology Inc., another EV truckmaker seeking a public listing. Zhizi’s Background & Industry Expansion Zhizi was founded in 2022 by DECH Future Automobile Technology Co. , a joint venture with Shaanxi Automobile Holding Group , one of China’s largest heavy-duty truckmakers. The IPO could help Zhizi expand production and compete in China’s rapidly growing commercial EV seg...