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.
Australia is poised to meet its ambitious emissions reduction targets by 2030 , overcoming earlier challenges in its renewable energy rollout . The government projects a 42.6% reduction in emissions from 2005 levels , a dramatic improvement from the 32% forecast just two years ago, according to the Department of Climate Change, Energy, Environment, and Water . The current policy settings also place Australia’s overall emissions budget from 2021 to 2030 about 3% below target . This progress aligns with the Paris Agreement’s global push for enhanced climate action . By February next year , Australia must present its updated 2035 emissions targets , but Minister for Climate Change and Energy Chris Bowen has yet to announce a timeline. With a national election looming in May 2025 , climate policy is expected to become a m...