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.
Xinyi Solar Holdings Ltd (968.HK), a key player in the renewable energy sector, has caught the market’s attention with bullish technical signals and solid fundamentals. According to Bloomberg’s consensus, the stock has a target price of HKD 3.05 , representing a 10.5% upside from its current price of HKD 2.76 . Technical Outlook: Breakout Confirmed, MACD Bullish Crossover in Place Xinyi Solar has broken out of a prolonged consolidation range with increasing volume and positive momentum. Both the 20-day and 50-day EMAs are narrowing, hinting at a potential bullish crossover. Additionally, the MACD has crossed above the signal line, reinforcing a short-term upward momentum. Key Support & Resistance Levels: Resistance: R1 = 2.90, R2 = 3.20 Support: S1 = 2.54, S2 = 2.45 Fundamental Strength: Long-Term Growth with Steady Dividends As a global manufacturer of solar glass and renewable energy components, Xinyi Solar continues to demonstrate long-term growth potentia...