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 surprise comment from the Oval Office, President Trump announced that his administration is "thinking about no tax on capital gains on houses." This could be a game-changer — not just for homeowners, but also for real estate investors and financial planners watching for macro signals. What’s the Proposal? Currently, capital gains from selling your primary residence are already partially exempt ($250K for singles / $500K for married couples). Trump’s remark hints at eliminating all capital gains tax on home sales — potentially extending even beyond those exemptions. Why Does This Matter? Unlocking Housing Liquidity Many long-time homeowners hold off selling to avoid taxes. A full tax exemption could flood the market with high-equity homes, increase turnover, and boost transaction volume. Potential Market Acceleration In a high-interest rate environment, this move may stimulate real estate activity from the supply side — a clever offset to slow Fe...