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.
Granite Asia Raises Over US$350 Million for Pan-Asia Private Credit Fund Backed by Temasek, Khazanah, INA
Granite Asia has secured more than US$350 million in the first close of its new Pan-Asia private credit fund, attracting commitments from major Southeast Asian state investors including Temasek , Khazanah Nasional , and the Indonesia Investment Authority (INA) . The strategy, known as Libra Hybrid , is targeting a total fund size of US$500 million . In addition to the three sovereign anchors, the fund drew capital from global institutional investors, sovereign funds, and Granite Asia’s own partners. Temasek invested through its private credit platform Aranda Principal Strategies , the firm said. Granite Asia added that roughly 30% of the committed capital has already been deployed across six transactions . Private Credit Growth Across Asia The launch comes as Asia’s private credit market continues accelerating. According to a report by the Alternative Investment Management Association and several advisory firms, the...