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.
Hong Kong’s banking sector is poised for a meaningful wealth-management windfall in 2026 , with fee income expected to surge well above market expectations, according to Bloomberg Intelligence (BI). Banks such as HSBC Holdings PLC and BOC Hong Kong Holdings Ltd could see wealth fees grow by more than 20% this year , driven by stronger fund sales, brokerage activity and bancassurance demand. What’s Driving the Fee Surge Bloomberg Intelligence highlights several tailwinds supporting wealth fee growth: Improving global risk sentiment , underpinned by optimism around artificial intelligence investments Favourable market conditions across equities, fixed income and precious metals Expectations of further US rate cuts , keeping risk appetite firm These factors are encouraging clients to deploy capital more actively, lifting transactional and advisory income for banks. China Flows & IPO Activity Add Momentum Wealth demand is also being supported by...