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.
As 2024 concludes, Malaysia’s IPO market has experienced its most vibrant year in over a decade. With 55 companies going public , marking a 71% increase compared to 2023, Bursa Malaysia has cemented itself as a top destination for investors seeking high returns. Key Highlights from 2024 IPOs 1. Record Number of Listings Total IPOs : 55, the highest since 2009. ACE Market Dominance : 40 IPOs, the most since the market's inception. Main and ACE Market Combined : 51 IPOs, with 46 companies posting gains on their first trading day, resulting in a 90% success rate for investors. 2. Top Performers UUE Holdings Bhd ($UUE 0310.MY$) : First-day gain : +189.6% (largest IPO surge of the year). Sector : Underground utility construction and pipeline solutions. Ocean Fresh Berhad ($OFB 0312.MY$) : First-day gain : +170% (frozen seafood processor, exporter, wholesaler, and retailer). Go Hub Capital Bhd ($GOHUB 0311.MY$) : First-day gain : +170% (specializing i...