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.
Major Office Deal in Singapore’s CBD CapitaLand Integrated Commercial Trust (CICT) is acquiring the remaining 55% stake in the CapitaSpring office tower for S$1.05 billion (US$815 million) , giving the REIT full ownership of one of Singapore’s prime commercial landmarks — home to tenants like JPMorgan Chase & Co. Seller stakes: 45% from CapitaLand Development 10% from Mitsubishi Estate Co. Both CapitaLand Development and CICT are backed by Temasek Holdings Deal Structure & Yield The transaction values CapitaSpring’s commercial component at S$1.9 billion , based on an average of two valuations Entry yield : “ Low 4% ” — reflective of high-quality, prime location asset Financing : Funded via private placement of new units Pricing floor : S$2.105 per unit (vs last close: S$2.24) Target raise : ≥ S$500 million CICT shares halted Tuesday morning pending placement completion Financial Update 1H 2...