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.
Resilience Amid Competition Malaysia’s telecom sector is expected to remain resilient despite intensifying competition, according to TA Securities analyst Chan Mun Chun. Service revenue should hold steady as mobile operators prioritize value creation over price wars . 5G Expansion in Focus The sector’s outlook hinges on the rollout of U Mobile’s rival 5G network , targeting 80% population coverage by 2H 2026. To remain competitive, Digital Nasional (DNB) must continue upgrading its infrastructure and improving service quality. Financial Backing Secured To support DNB’s operations and working capital, CelcomDigi (CDB), Maxis, and YTL have each committed MYR116.7 million in fresh shareholder advances. Both CelcomDigi and Maxis are expected to fund these commitments from internal resources, thanks to their healthy cash positions . Sector Rating: Overweight TA Securities maintains an Overweight stance on Malaysia’s telco sector, with...