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.
Stock Performance Pekat Group Bhd (KL:PEKAT) surged 4% to RM1.22 , marking a new all-time high since its listing nearly four years ago . The stock later settled at RM1.21 , with over 1.5 million shares traded . At its latest price, Pekat's market capitalization stands at RM779 million . Catalysts for the Rally Better-than-expected quarterly earnings , reflecting strong demand in the solar energy sector . Secured a new contract , boosting investor confidence in the company’s growth prospects. Market Sentiment Investors are bullish on renewable energy stocks , with solar installation projects gaining traction . Pekat's continued expansion in the solar industry supports long-term growth potential . Summary: Pekat Group stock hit a new record high , climbing 4% to RM1.22 . Strong earnings and a new contract win fueled the rally. Investor confidence in renewable energy remains strong.