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.
Singaporeans continued to dominate the luxury property market in the third quarter, with locals accounting for 76% of all luxury home purchases , according to a new report from OrangeTee. Local Buyers Drive the Market Out of 171 luxury transactions in Q3: 130 were purchased by Singaporeans , up from 70.2% in Q2 , and 72.5% in Q3 2024 The rise reflects: Growing local affluence Strong interest in high-end real estate as long-term investments A focus on wealth preservation Luxury Sales Value in CCR Jumps Nearly 26% Properties in the Core Central Region (CCR) priced above $5 million saw a strong surge: Total sales value rose 25.7% to $1.73 billion in Q3 (up from $1.37 billion in Q2) Average price per unit increased to $10.09 million (from $9.73 million previously) Transactions Hit New Highs CCR luxury home sales (excluding bulk deals): 171 units sold in Q3 Up from...