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.
Key Takeaway: Standard Chartered has seen a wave of resignations from its corporate finance division in India and Singapore, as dealmaking activity intensifies and rival firms seek talent. Standard Chartered Plc is facing significant departures from its financing and credit teams across India and Singapore, with four bankers in India and two in Singapore leaving in the past six months. Notable exits include Karan Maroo and Vikash Bihani in Mumbai, as well as Jay Sheth in Singapore. Bihani recently joined Mashreqbank PSC as head of investment banking, following a 15-year tenure at Standard Chartered. The departures come amid a global restructuring led by CEO Bill Winters , aiming to integrate the bank’s credit markets and mergers advisory teams. This restructuring aligns with Standard Chartered's focus on increasing relationship managers in India to expand wealth management, particularly targeting smaller towns. Despite these changes, Standard Chartered remains a leading pl...