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.
In a bold move to shield its domestic manufacturing base , the Malaysian government has imposed provisional anti-dumping duties of up to 57.9% on imports of galvanised steel coils and sheets from China, South Korea, and Vietnam . The tariffs will be effective for 120 days , starting July 7, pending a final decision expected by November 3, 2025 . This development comes after CSC Steel Sdn Bhd filed a petition alleging that these imported products were being sold below their home market prices , inflicting injury on Malaysia’s steel sector. Strategic Implications for Investors The measure, introduced by the Ministry of Investment, Trade and Industry (MITI) , is part of Malaysia’s ongoing effort to strengthen domestic industrial resilience in the face of global oversupply and unfair trade practices. This is a positive signal for local steel producers , particularly those operating in ...