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.
Clear Street , a US-based financial services firm, is seeking to join the London Metal Exchange (LME) 's open-outcry trading floor , known as the "Ring." This move comes as the LME faces dwindling activity and a series of high-profile departures, most recently Societe Generale relinquishing its ring-dealing seat last month. The New York-based firm, which expanded into US futures clearing earlier this year, is pursuing regulatory approval ahead of a formal membership application, according to insiders. Clear Street’s potential entry into the LME will be a major topic at LME Week in London, which begins on Sunday. The Ring has seen a reduction in volumes, with only seven members remaining after the pandemic-triggered closure and subsequent reopening in a limited capacity. Founded in 2018 as a clearing broker , Clear Street is growing beyond the US, expanding its commodity markets presence in Europe and Asia . It has been actively recruiting top talent and making str...