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.
The Ministry of Investment, Trade and Industry (Miti) announced that the Digital Investment Office has approved foreign investments worth RM127 billion in digital-related projects between 2021 and March 2024. Key Takeaways: Investment Breakdown: Foreign investments: RM127 billion Domestic investments: RM34.9 billion Total approved investments: RM161.9 billion Sectors Involved: Data centers Cloud computing Data hosting Big data analytics Artificial intelligence Employment Benefits: Creation of 49,108 skilled and high-paying job opportunities Roles include data engineers, data scientists, big data analysts, cybersecurity engineers, and IT engineers Infrastructure Focus: Emphasis on inclusive digital infrastructure investments High-speed internet networks and low-latency technological solutions Economic Impact: Digital transformation for micro, small, and medium enterprises (MSMEs) MSMEs contribute 48% of jobs and 38% of economic growth Reorganization of industrial clusters and value chai...