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.
UK Chancellor Rachel Reeves will meet with top executives from the country's six largest lenders later this week to discuss new bank capital rules. The meeting follows the UK’s announcement of its final plans for implementing the last phase of post-crisis reforms, expected on Thursday. Key Takeaways: Attendees and Purpose : The meeting will include chief executives from major UK banks such as HSBC, Barclays, NatWest, Lloyds Banking Group, Nationwide Building Society, and Banco Santander’s UK arm. Bank of England (BOE) Governor Andrew Bailey and Sam Woods, head of the BOE’s regulatory arm, will also attend. The focus is on the new capital requirements set under the Basel Committee on Banking Supervision. Regulatory Concerns : UK banks are concerned that the new rules could disadvantage them compared to their European and US rivals, who may face less stringent requirements. UK regulators, however, have committed to faithfully implementing the 2017 international rules, even as the EU ...