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.
Vietnamese electric vehicle (EV) manufacturer VinFast reported a net loss of US$550 million (RM2.45 billion) for the third quarter, a significant improvement from the previous year, driven by lower material costs and increased production. Key Highlights: Production and Deliveries: VinFast delivered 44,773 cars in the first nine months of 2024, achieving more than 55% of its 80,000-vehicle annual target. About 20% of these deliveries were to related parties. Strong Q3 Momentum: The company posted third-quarter deliveries of 21,912 vehicles , supported by robust domestic demand for mid-sized EVs. VinFast Chairwoman Thuy Le affirmed that “momentum in Q3 has continued into Q4,” and the company remains on track to meet its annual target. North American Expansion: VinFast reported record-breaking operations in North America in September, fueled by an expanding dealer network. However...