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.
HI Mobility (5335.MY) made a strong debut on Bursa Malaysia’s Main Market , opening at RM1.27 , hitting a high of RM1.33 , and closing at RM1.30 , marking a 6.56% gain from its IPO price of RM1.22 . IPO Performance & Demand Trading Volume: 98.4 million shares Closing Price: RM1.30 Oversubscription: Overall: 6.57x Public: 10.12x Bumiputera: 3.03x This indicates strong investor appetite , especially from the public segment, for HI Mobility's growth potential in the transportation and EV sectors. IPO Fund Allocation (RM115.9M Raised) 60.4%: Expand bus fleet (electric + ICE vehicles) 12.9%: Build EV charging infrastructure 4.4%: AI for vehicle monitoring & driver management 22.3%: Working capital & listing expenses Focus on sustainability and smart mobility positions the company well in the green transport movement. Market Cap & Advisory Estimated Market Cap: ...