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.
The Energy Transition and Water Transformation Ministry has announced that electricity tariffs in Peninsular Malaysia will remain unchanged for the first half of 2025 under the Imbalance Cost Pass-Through (ICPT) mechanism. Key points: Electricity subsidies : The government will finance RM2.388 billion in subsidies to shield domestic consumers from tariff hikes. Fourth Regulatory Period : The average basic tariff for Tenaga Nasional Bhd will be maintained under the Incentive-Based Regulation framework from 2025 to 2027 . Future tariff changes : A new tariff schedule reflecting actual supply costs will be implemented from July 1, 2025 , involving a financial allocation of RM3.57 billion by the government. This approach ensures a balance in the energy trilemma of security, sustainability, and affordability, safeguarding domestic consumers while striving for competitive electricity pricing.