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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.

Malaysia Updates: Sunway Profits Soar Amid Market Developments

  Key Highlights Markets Mixed: Global indices show varied movements; Bitcoin reached record highs of $99,121 before retreating. Economic Focus: Malaysia is aligning its real economy and capital markets to drive inclusive growth, with 5.2% GDP growth over the first three quarters. Top News Sunway Construction Group (SUNCON) Profit Surge: 3Q net profit rose 32.71% to RM46.47 million , fueled by the accelerated progress of data center projects. Revenue Growth: Up 28.48% to RM865.33 million , compared to RM673.51 million in the same period last year. Dividend: Declared a 2.5 sen per share interim dividend , payable on Dec 26. Other Stocks to Watch Petron Malaysia Refining & Marketing (PETRONM) Profit Plunge: Net profit dropped 94.3% to RM4.63 million due to lower fuel demand after the diesel subsidy introduction. Revenue declined 21.4% to RM3.81 billion. Dayang Enterprise (DAYANG) Record Profit: 3Q net profit soared 76.67% to RM134.94 million, driven by higher vessel u...