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.
US investment firm KKR is exploring participation in Thames Water’s £3 billion share sale , according to Sky News, as part of a broader recapitalisation effort for Britain’s largest water utility. Thames Water, currently managing significant challenges from sewage issues, aging infrastructure, and mounting debt , announced last month it had secured a provisional financing deal with creditors to sustain operations for at least another year . The utility serves approximately 16 million people in London and surrounding areas . According to the report, KKR’s involvement hinges on regulatory approval from water regulator Ofwat , expected by January. However, one potential hurdle for KKR may be its existing 25% stake in Northumbrian Water , which would require a Competition and Markets Authority review under Ofwat’s mergers regime. The UK government has remained on alert , prepared to take Thames Water into special administration if necessary, to prevent potential financial collapse.