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.
Korea Zinc Co. announced it is reconsidering a $1.8 billion share sale plan following significant pushback from regulators and investors . This update comes after the share sale plan, proposed shortly after a substantial buyback, sparked an investigation and led to a stock sell-off. The company stated during its quarterly earnings call that it is "seriously considering" investor concerns and will provide further updates after more internal discussions. Reports suggest that Korea Zinc’s board may reach a decision by Wednesday. The proposed share issue would see shares sold at 670,000 won each — a 33% discount to the market price — with proceeds earmarked for debt repayment. However, investors view the sale as an effort to bolster shareholder support in a months-long battle between major shareholder factions .