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.
CAB Cakaran Corp Bhd (KL:CAB) is accelerating its retail and food business strategy with an ambitious plan to quadruple its retail network across Malaysia over the next five years, backed by a RM100 million investment . The move comes as the poultry and integrated food group deepens its footprint across the value chain — from feed production to consumer retail — a strategic step to strengthen its market position and margin control. Retail Expansion: 25 to 100 Stores Nationwide Group managing director Chris Chuah told The Edge that CAB aims to expand its Pasaraya Jaya Gading and Home Mart Fresh & Frozen supermarket chains to 100 outlets , up from the current 25, across its existing markets in Penang, Kelantan, Kedah, Perak, and Pahang . “Our strategy is to build a nationwide retail network as one of the main distribution channels for the group’s products,” said Chuah. In tandem, the group is also scal...