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.
Taylor Farms, a McDonald’s Corp supplier, is recalling batches of yellow onions produced at its Colorado facility due to a deadly E. coli outbreak. While no traces of E. coli have been found yet, the company decided to recall the products as a precautionary measure.
Taylor Farms supplied onions to McDonald’s restaurants that are part of an ongoing multistate health investigation. The recall affects major food distributors, including US Foods Holding Corp and Sysco Corp, which have contacted their customers about the potential contamination. Sysco confirmed that six of its 330 distribution centers were impacted.
McDonald’s is investigating the source of the outbreak, which has led to dozens of illnesses, one death, and 10 hospitalizations across 10 states. The company suspects slivered raw onions used in its Quarter Pounder burgers as the likely source but has not ruled out beef as a possible cause. As a result, McDonald’s has pulled Quarter Pounders from 20% of its US restaurants to contain the outbreak.
The CDC and FDA are still investigating, with concerns that the number of illnesses could increase.
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