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.
Amazon.com Inc. announced plans to invest £8 billion (US$10.5 billion) in the UK over the next five years to expand its cloud business, Amazon Web Services (AWS). This move adds to Amazon's ongoing efforts to grow its presence in Europe and provides a significant boost to Britain's new Labour government. Key Takeaways: Significant Economic Impact : The investment by AWS in data centers is expected to support up to 14,000 jobs and contribute £14 billion to the UK’s gross domestic product (GDP) between 2024 and 2028. This expansion is part of Amazon's broader global strategy, with similar investments in countries like Germany, Mexico, the US, Saudi Arabia, and Singapore this year. Boost for the UK Government's Economic Goals : The announcement is a positive development for Chancellor of the Exchequer Rachel Reeves, who aims to stimulate the UK's economic growth and address fiscal challenges. The investment reflects confidence in the UK as a business-friendly environ...