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.
Tencent Holdings Ltd. and Honor Device Co. have announced a long-term strategic collaboration focusing on cloud infrastructure and artificial intelligence (AI) development. The partnership strengthens Tencent’s position in cloud services while bolstering Honor’s technological capabilities as it expands its corporate and public footprint. Key Highlights of the Partnership 1. Cloud and AI Development Tencent will provide Tencent Cloud infrastructure to support Honor’s online services. The collaboration includes big data analytics , search tools , and the joint creation of a coding assistant to improve software development efficiency for Honor’s engineers. 2. Honor’s Growth Plans Corporate Partnerships : Honor, a Huawei Technologies Co. spin-off , has recently sold stakes to China Mobile Ltd. and China Telecom Corp. as it moves closer to a public listing . As one of...