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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Boosting Ties: Malaysia and Kyrgyzstan Strengthen Bilateral Cooperation

Malaysia is set to enhance its cooperation with Kyrgyzstan, focusing on the halal industry, tourism, and educational development , according to Malaysian Ambassador Ilham Tuah Illias. During an interview with Kabar news agency, Ambassador Ilham Tuah Illias outlined plans to further deepen bilateral ties between Malaysia and Kyrgyzstan . A key point of discussion was expanding trade cooperation and educational exchanges . The possibility of establishing a branch of the University of Malaya in Kyrgyzstan was considered, potentially offering Kyrgyz students opportunities to learn and improve their English language skills. In the realm of tourism, Ambassador Ilham Tuah highlighted Malaysia’s interest in attracting more tourists from Kyrgyzstan. Given Kyrgyzstan’s landlocked status and Central Asian affinity for beaches, Malaysia could be an appealing destination. Additionally, plans are underway for Malaysia Airlines to introduce direct flights between the two countries, further facilita...