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.
Strong Debut Above Range Black Rock Coffee Bar Inc. raised $294.1 million in its US initial public offering (IPO), pricing shares above the marketed range and securing a market valuation of $956.3 million . The drive-through-focused coffee chain sold 14.7 million shares at $20 each , compared with its initial target range of $16 to $18 per share, according to a statement Thursday. Growth Ambitions Founded in 2008 in Beaverton, Oregon, Black Rock Coffee currently operates 158 locations across seven states , with all outlets offering drive-through service. The company plans to open about 30 new stores in 2025 and is targeting 1,000 stores by 2035 , aiming for an average annual expansion of 20% — consistent with its growth between 2020 and 2024. Financial Performance For the quarter ended June 30, the Scottsdale, Arizona-based chain reported a net loss of $1.1 million on revenue of $50.4 million , compared with a net l...