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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Private Equity (PE) & Venture Capital (VC) Funds in Malaysia Reach RM24.7 Billion in 2024

  Total Fund Commitments : The total committed funds in Malaysia’s  private equity (PE)  and  venture capital (VC)  sectors stood at  RM24.7 billion  by the end of  2024 . PE : RM18.01 billion VC : RM6.7 billion Investment Focus : PE Investments : Primarily directed at growth-stage opportunities (83.82%), with early-stage investments accounting for 16.18%. VC Investments : Focused on growth-stage (44.60%), followed by early-stage (35.98%) and startup-stage (13.44%) opportunities. Investor Breakdown : PE : Corporate investors led with 40.91%, followed by individuals and family offices (16.77%) and financial institutions (13.27%). VC : Government agencies and investment companies (35.99%), sovereign wealth funds (20.15%), and individuals and family offices (19.55%) were the top funding sources. Sector-Specific Investments : VC : The  wholesale and retail trade sector  attracted the highest VC investments at  13.65% , followed by ...