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.
Wendel SE , a Paris-based investment firm, has agreed to acquire a majority stake in Monroe Capital , a Chicago-based private credit manager that handles nearly $20 billion in assets , according to sources familiar with the matter. The deal includes an additional $1 billion capital commitment to expand Monroe’s business and seed new funds, furthering Wendel’s presence in the booming private credit sector. The acquisition is part of a growing trend where firms like Apollo Global Management , Blackstone , and Ares Management are pursuing similar expansions. Monroe Capital, founded in 2004 by Theodore Koenig , specializes in providing private credit to borrowers across the US and Canada . The firm’s sale follows a wave of recent private credit deals, including TPG’s $2.7 billion purchase of Angelo Gordon and BlackRock’s acquisition of Global Infrastructure Partners for $12.5 billion. The official announcement of Wendel's acquisition could be made as early as Tuesday, though detail...