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.
Singapore is prepared to grant 30-year import licences to companies investing in low-carbon electricity projects , a move aimed at helping these firms recoup their substantial initial investments , said Puah Kok Keong , CEO of the Energy Market Authority . The initiative is part of Singapore's goal to import six gigawatts (GW) of low-carbon electricity by 2035 . The city-state has already given conditional approvals for 10 projects across Australia , Cambodia , Indonesia , and Vietnam . These projects involve significant investments in large solar farms and battery systems to ensure a steady supply of energy, as well as the costly task of laying power cables to connect Singapore to these countries. Singapore’s long-term licences reflect the government’s commitment to supporting companies that make high upfront investments in low-carbon energy solutions.