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.
Binance , the world’s largest crypto exchange, saw its market share drop to 36.6% in September, its lowest level in four years, as the platform faces increased regulatory scrutiny . This is down from 42.7% at the start of the year , according to researcher CCData . In the spot market , Binance’s share fell to 27% , the lowest since January 2021, while its derivatives trading share dropped to 40.7% , also marking a four-year low. The platform has been losing market share since March 2023 amid regulatory actions and fines, including a US$4 billion settlement with the US Justice Department last year. Changpeng Zhao , the co-founder and former CEO, resigned following the settlement. Under new CEO Richard Teng , a former regulator, Binance has focused on improving relations with regulators . Despite Binance’s decline, smaller competitors like Bybit, Bitget, and Crypto.com have gained market share, as confidence in these platforms grows due to low trading fees, minimal slippage, and hig...