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.
Chinese stocks surged on Monday, with the CSI 300 Index closing up 1.9% , marking its best performance in nearly a week. The rally came after Beijing reiterated its commitment to supporting the economy with new fiscal measures, although specific details, including a headline number, were absent. Despite early volatility, the market showed signs of cautious optimism. Finance Minister Lan Fo’an hinted at further government borrowing and new steps to support the property sector during a Saturday briefing, although the lack of a concrete figure left investors waiting for more specifics. Analysts and traders are closely monitoring fiscal policies, expecting sustained support from increased fiscal spending , which has been key in maintaining market momentum following the central bank’s stimulus actions in late September. According to a note from HSBC Holdings Plc , the government’s policy pivot is expected to stay in place, boosting market confidence. The stock market rally, however, re...