KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.
Intel is facing a lawsuit from shareholders who accuse the Silicon Valley chipmaker of fraudulently concealing problems that led to weak financial results, massive job cuts, and a dividend suspension, causing its market value to plummet by over $32 billion in a single day. Key Highlights: Lawsuit Details: The proposed class action was filed against Intel, CEO Patrick Gelsinger, and CFO David Zinsner in San Francisco federal court. Shareholder Claims: Investors allege they were blindsided when Intel disclosed on Aug. 1 that its foundry business for making chips on contract was "floundering," incurring billions in extra costs as revenue declined. They claim Intel made materially false or misleading statements about its business and manufacturing capabilities, inflating its stock price from Jan 25 to Aug 1. Company Response: Intel has not provided an immediate comment on the lawsuit. Recent Developments: On Aug. 1, Intel announced it would lay off more than 15% of its workfo...