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.
The Buzz: Ferrero — the chocolate giant behind Nutella, Ferrero Rocher, and Kinder — is reportedly close to scooping up WK Kellogg Co. (NYSE: KLG) in a $3 billion deal. That’s double its market value . Why It Matters for Investors: KLG’s stock surged 56% in after-hours trading — insiders say the deal could close this week . WK Kellogg has been under pressure as cereal loses ground to trendier breakfasts — but a Ferrero lifeline could spark a brand revival . Key Numbers: Market Cap: ~$1.5B Debt: ~$570M Ferrero’s Offer: $3B Potential Upside: Huge, especially for short-term traders. The Backstory: Spun off from Kellanova in 2023, KLG struggled to grow on its own. Morningstar recently said it has “no enduring competitive edge.” But now? With Ferrero's marketing firepower and distribution, this could flip the script . The Takeaway: KLG isn’t just cereal anymore — it’s a potential acquisition breakout. If this deal locks in, early investors might enjo...