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.
India's securities regulator, the Securities and Exchange Board of India (Sebi) , is considering implementing tighter controls on micro-cap firms going public. These measures may include monitoring the use of IPO funds and imposing stricter due diligence guidelines for merchant bankers, according to a source involved in the discussions. Among the potential steps under review are mandating a longer track record of profitability and increasing scrutiny of financial statements. These considerations come in response to recent instances of fraud in the micro-cap segment , which have raised concerns among regulators. Despite these developments, Sebi is not inclined to take over the listing approval process for small and medium enterprises (SMEs) from the National Stock Exchange of India Ltd and BSE Ltd . This decision follows calls from some investors for direct oversight by the regulator. The discussions remain at a preliminary stage, and the measures may be revised before an initia...