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.
Shares of Spritzer Bhd (KL:SPRITZER) surged to an all-time high on Thursday after its second-quarter results beat market expectations, prompting upgrades from analysts and boosting confidence in the mineral water bottler’s growth outlook. Strong Earnings Surprise First-half net profit has already reached 57% of consensus full-year estimates. Two of the four research houses covering Spritzer have upgraded their calls, resulting in a unanimous ‘buy’ recommendation. Analysts cite resilient bottled water demand, driven by: Post-pandemic economic recovery Resumption of tourism flows Heightened consumer focus on health and wellness Stock Performance Spritzer’s share price jumped more than 2% to RM1.79 in early trade, marking a new record high. The stock eased slightly to RM1.76 at 9.30am, giving the group a market value of RM1.1 billion. Year-to-date, the counter has risen 15%, fueled by strong earnings momentum. Analyst Upgrades and Target Prices Public Investment Bank raised its...