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 Weekly Market Recap (March 3 - 7, 2025): Market Sentiment Remains Cautious Amid Global Concerns
Bursa Malaysia closed the week on a cautious note , continuing its downward trend due to weaker regional market sentiment . The sell-off was largely driven by growing fears of a global trade war , which has raised concerns about the potential impact on the global economy and investor appetite for equities. Key Events: Nation Gate Bhd (KL: NATGATE) : The stock closed at limit-down levels , amid news of an ongoing investigation by Singapore authorities into the company’s server shipments. This investigation raised concerns over its operational transparency. Other Notable Updates: Capital A (KL: CAPITALA) : Gained approval from Bursa Malaysia for its proposed regularisation plan , which is a crucial step towards lifting its Practice Note 17 (PN17) status, signaling progress towards financial stability. UEM Edgenta (KL: UEMS) : Secured a three-year extension to its concession agreement with the government to provi...