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.
Macnica Holdings Inc , Japan’s top chip distributor, is pursuing acquisitions in China, Southeast Asia, India, and South Korea to boost its market presence amid growing industry consolidation pressures. The company seeks to navigate the challenges of US-China technological rivalry , export controls , and supply chain disruptions , according to President Kazumasa Hara . With a 22% market share in Japan, Macnica aims to achieve 30% by 2030 organically. However, in growth regions like China and Southeast Asia , acquisitions involving billions of dollars are "very likely." The firm recently acquired competitor Glosel Co but is focusing its expansion efforts abroad rather than domestically. Macnica plans to reduce its reliance on semiconductors , which currently account for 90% of sales , by exploring sectors such as cybersecurity , self-driving car networks , a...