KUALA LUMPUR, Aug 10 (Bernama) -- Bursa Malaysia ended marginally lower on Monday, as investors largely stayed on the sidelines and adopted a wait-and-see approach amid uncertainties over US monetary policy and geopolitical developments, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.38 of a point to 1,735.37 compared with last Friday’s close of 1,735.75. The index opened 0.10 of a point higher at 1,735.85 and fluctuated between 1,730.35 and 1,738.97 throughout the day. However, on the broader market, gainers thumped losers 707 to 447, while 573 counters were unchanged, 1,046 untraded and 21 suspended. Turnover narrowed to 3.49 billion units valued at RM2.55 billion from 3.55 billion units valued at RM3.47 billion last Friday.
Quick Summary Zetrix AI raised ~US$40 million from IFC Funds to expand digital infrastructure across Southeast Asia AI unit “AI Foundation Lab” targeting Nasdaq listing by end-2026 Focus on digital ID, blockchain and AI-powered public systems Funding Boost From World Bank Arm Malaysia-listed Zetrix AI Bhd has secured approximately US$40 million in equity funding from the International Finance Corp (IFC) . The investment aims to: Expand digital public infrastructure (DPI) Support emerging markets in Southeast Asia and beyond Strengthen AI-driven service delivery Nasdaq Listing in the Pipeline Zetrix is preparing to spin off and list its AI-focused subsidiary, AI Foundation Lab , on Nasdaq by the end of 2026. According to group managing director TS Wong: The company is actively working toward the listing Target completion: year-end 2026 Key move: Positioning a Malaysian AI unit directly on US capital markets. St...