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.
China's largest stimulus package in years has buoyed the commodities market , particularly iron ore, copper, and zinc , as investors anticipate the potential for further gains when mainland markets reopen on Tuesday . The measures, aimed at reviving the property market , have sparked optimism among industry delegates attending LME Week in London, though some analysts caution it may be too soon for celebration. Despite previous limited efforts to stimulate the economy, Beijing’s latest flurry of announcements at the end of September signals a more aggressive approach . This, coupled with monetary stimulus , fiscal spending commitments, and property market stabilization , has driven a spectacular rally in Chinese stocks. Iron ore has surged over 25% since Sept 23, with industrial metals like copper and aluminum also performing well. Global mining giants , including BHP Group and Rio Tinto , have seen their share prices rise amid this optimism. However, analysts stress the nee...