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.
Key Takeaways: Klarna priced its US IPO at US$40 per share , raising US$1.37 billion , above the expected range. The deal values the Swedish BNPL firm at US$15.1 billion , well below its 2021 peak of US$45 billion but above its 2022 low of US$6.7 billion. The offering was oversubscribed 25 times , underscoring revived investor appetite for fintech listings despite tariff-driven market volatility. Market Reaction Klarna’s IPO comes amid a broader rebound in equity markets and strong demand for new listings, following recent blockbuster debuts in both fintech and crypto sectors. The deal highlights investor willingness to back high-growth but unprofitable fintechs in a more selective macro backdrop. Klarna’s debut on the NYSE under ticker KLAR will be closely watched as a bellwether for BNPL adoption and fintech valuations more broadly. Financial Performance & Challenges Revenue: Rose to US$823 million in Q2 2025, up from US$682 million...