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.
Adani Group has successfully secured a $207 million private credit loan to refinance debt for its North Queensland Export Terminal (NQXT) in Australia. The financing marks a significant recovery milestone for the Indian conglomerate after last year’s legal troubles. 💰 Key Loan Details 🔹 Loan Amount: A$330 million ( US$207 million ) 🔹 Lenders: King Street Capital Management & Sona Asset Management 🔹 Loan Term: Six years 🔹 Purpose: Refinance debt due in June 2025 📌 Why It Matters: Adani’s ability to secure new funding signals renewed investor confidence after its bribery scandal fallout in November 2024 . 💬 Industry insiders: "Adani’s stocks and bonds have largely recovered in value after last year’s steep declines." 🏗️ Adani’s Growing Private Credit Strategy 🔹 Adani has increasingly relied on private credit lenders to finance its...