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.
Global funds are pouring into Indian equities , marking a strong return to the US$5 trillion market as election-related uncertainties wane and Prime Minister Narendra Modi secures a third term. Foreign investors have made net purchases of US$8.5 billion this quarter, the highest since mid-2023, positioning India for continued inflows, especially with the Federal Reserve now cutting interest rates. As India's NSE Nifty 50 Index heads for its ninth consecutive annual gain , overseas funds are finding comfort in India's valuations, which, although high relative to emerging-market peers , reflect the nation's strong corporate performance and favorable economic conditions . HSBC Global Private Banking & Wealth's Chief Investment Officer, James Cheo , cited India’s growth story as more appealing than markets with "subdued" prospects. India's GDP growth of 6.7% in the last quarter far outpaced China's 4.7% , cementing its status as a major engin...