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.
Higher Finance Costs, Weaker Revenue Impact Earnings Genting Bhd (KL:GENTING) reported a net loss of RM169.39 million for 4QFY2024 , reversing from a RM150.99 million profit a year earlier . The group's first quarterly loss since 4QFY2022 was driven by higher finance costs, net impairment losses, and increased losses from joint ventures and associates . Quarterly revenue fell 5.3% to RM6.88 billion due to weaker performance in the leisure and hospitality segment , exacerbated by the strengthening of the ringgit against key foreign currencies . Dividend Declared at Lower Payout Final dividend of 5 sen per share , down from 9 sen last year , bringing total FY2024 dividend to 11 sen per share , compared to 15 sen in FY2023 . Financial Performance Breakdown Adjusted EBITDA down 27% YoY to RM1.68 billion from RM2.29 billion . Finance costs rose 35.1% to RM513.36 million . Impairment lo...