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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

OKX Enables Stablecoin Payments at GrabPay Merchants in Singapore

First-of-Its-Kind Integration with GrabPay SINGAPORE (Sept 30): Cryptocurrency exchange  OKX  has rolled out a new service that allows its customers to pay with  stablecoins  at merchants on Grab’s payment platform,  GrabPay , marking a first for the city-state. The service, called  OKX Pay , lets users make payments in  USDC or USDT , which are then automatically converted into  StraitsX’s XSGD  — a Singapore dollar-backed stablecoin. Merchants ultimately receive the amount in  Singapore dollars , ensuring a seamless experience on their end. Growing Stablecoin Adoption in Singapore The move underscores Singapore’s growing role as a hub for  digital asset innovation  and signals increasing mainstream acceptance of blockchain-based payments. Stablecoins, pegged to fiat currencies, are gaining traction globally for their  low transaction costs  and  fast settlement speeds . Earlier this year,  Metro department...