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.
Shares of Mobileye Global (ticker: MBLY ) soared on Tuesday, rising 5.1% to $16.02 after the company revealed it would be working with Volkswagen (VW) and parts supplier Valeo to enhance advanced driver-assistance systems (ADAS) up to Level 2+ . The new collaboration is aimed at upgrading Volkswagen's systems, which already include features like lane-keeping assistance, adaptive cruise control, and automatic braking. Level 2+ systems are considered more advanced than Level 2 but still require full driver attention. The long-term goal for automakers and suppliers like Mobileye is to evolve these technologies to a point where cars can handle more driving tasks autonomously, reducing the need for driver intervention. The news is a positive for Mobileye, as it continues to compete in the autonomous-driving sector against other tech giants like Alphabet's Waymo and Tesla . Mobileye’s collaboration with ...