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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Budget 2025 to Reflect Input from Industries and Citizens

Budget 2025 will integrate feedback and recommendations from various industries and citizens across the country, gathered through extensive engagement sessions, according to Treasury Secretary General Datuk Johan Mahmood Merican . Johan mentioned that his team is in the final stages of preparing Prime Minister Datuk Seri Anwar Ibrahim's budget speech , which is set to be delivered on Oct 18 . “The prime minister will present Budget 2025 this Friday, following consultations with stakeholders. We are now finalizing the speech,” he said, speaking after the Financial Run 2024 , an event organized in conjunction with National Sports Day. The Budget 2025, themed " Madani Economy, Prosperous Nation, Well-being of the People ," aims to introduce structural economic reforms to ensure that Malaysia's economic growth is shared equitably. It will be the last budget under the 12th Malaysia Plan (2021-2025) before the transition to the 13th Malaysia Plan. Prime Minister Anwar ...