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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Sapura Energy Secures RM3.2 Billion in New Contracts

Major Contract Wins Across Regions Sapura Energy (SAPNRG) secured multiple contracts worth RM3.2 billion , boosting its  group order book to RM8.7 billion , with  joint ventures holding an additional RM5.7 billion . Contracts were awarded to its  drilling arm, Sapura Drilling , from  key clients across various regions . Key Contracts & Project Details PTTEP Energy Development Ltd  awarded contracts for  Sapura T-17 and Sapura T-18 drilling rigs , set to commence  Q2 FY2026  with a  5-year firm period + 3-year extension option . Cabinda Gulf Oil Company (Chevron’s subsidiary)  extended the  Sapura Jaya rig contract in Angola  until  November 2025 . ExxonMobil Malaysia  awarded a  30-month drilling contract for the Sapura Berani rig , starting  Q1 FY2026 . EnQuest Malaysia  awarded a contract for  Sapura Esperanza rig  to drill  four offshore wells . Expanding Engineering & Construc...