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.
$BlackBerry (BB.US)$ stock soared 18% on Monday after the company announced the sale of its Cylance cybersecurity division to Arctic Wolf , a U.S.-based cybersecurity firm. Key Details of the Deal : Transaction Value : BlackBerry will receive $160 million , including: $80 million in cash at closing $40 million in cash one year after closing 5.5 million Arctic Wolf shares , marking BlackBerry's stake in the privately held firm. Original Cost : BlackBerry had acquired Cylance in 2019 for $1.4 billion , making the sale price a steep markdown. Why the Sale? Intensified Competition : Cylance, known for its AI-driven endpoint protection solutions , has faced growing challenges in retaining customers. Revenue Struggles : Despite broader growth in the cybersecurity market, Cylance's performance lagged due to customer churn and increased competition. Strategic Review : In October, BlackBerry indicated that it was exploring strategic options for Cylance , ultim...