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.
Earnings Snapshot Petronas Gas Bhd (KL:PETGAS) reported a 2.3% YoY decline in 2QFY2025 net profit to RM450.2 million (22.75 sen per share), weighed down by softer revenue and higher expenses. Revenue: RM1.59 billion (–3.5% YoY) Net Profit: RM450.19 million (–2.3% YoY) Dividend: 16 sen/share (RM316.6m), ex-date Sept 12, payable Sept 22 1H25 Performance: Net profit RM919m (vs. RM926m a year earlier), revenue RM3.18b (–2.5% YoY) Shares were steady at RM18.96 before the results announcement, valuing the company at RM37.5 billion . Key Drivers Lower Revenue: Decline in gas transportation earnings due to tighter regulated margins. Higher Costs: Expenses linked to pipeline restoration after the April Putra Heights explosion. Tariff & Tax Impact: Restructuring of electricity tariffs and an expanded sales & service tax (SST) expected to further pressure operating margins going forward. O...