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.
Ericsson announced the creation of a new joint venture on Thursday to market network software in collaboration with a dozen telecom operators, including Verizon, Deutsche Telekom, and Reliance Jio . The venture focuses on a network application programming interface (API) , which can be utilized to prevent credit card fraud , provide glitch-free entertainment , deliver instant speed boosts for gamers, and enable businesses to develop hundreds of different features. Ericsson will hold a 50% equity stake in the joint venture, with the remaining 50% owned by the telecom providers. The new company aims to help businesses deploy network APIs that can operate across different countries and telecom networks, much like international mobile roaming. Other major telecom players involved in the venture include América Móvil, AT&T, Airtel, Orange, Singtel, Telefonica, Telstra, T-Mobile, and Vodafone . Additionally, Vonage and Google Cloud will provide access to their extensive ecosystems of...