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.
Warren Buffett’s Berkshire Hathaway has lifted its stake in Mitsui & Co to above 10%, strengthening its position in Japan’s powerful trading houses and signaling continued confidence in the sector. Market Snapshot Mitsui : Berkshire stake now above 10%; shares jumped as much as 2.2%. Peers : Mitsubishi, Itochu, Marubeni, and Sumitomo also gained in Tokyo trading. Sector backdrop : Trading houses’ diversified businesses help weather volatile commodity cycles and boost shareholder returns. Background Buffett first revealed stakes in Japan’s top five trading houses (sogo shosha) in 2020. The companies span industries from liquefied natural gas to salmon farming. Berkshire originally capped holdings at under 10%, but firms later agreed to relax the ceiling. Earlier this year, Buffett also raised his stake in Mitsubishi beyond 10%. Analyst View SBI Securities analyst Ryunosuke Shibata said Buffett’s latest move is a clear signal: “The fact that the ‘god of investi...