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.
As his second term approaches, US President-elect Donald Trump has made significant appointments to bolster his administration's defence and cryptocurrency policy teams. The high-profile selections include billionaire Stephen Feinberg as the deputy secretary of defence and Michael Kratsios as head of tech policy at the White House. Defence Leadership Stephen Feinberg , co-founder of private equity firm Cerberus Capital Management, is set to take on the No. 2 role at the Pentagon. Known for his investments in hypersonic missile technology and other defence-related ventures, Feinberg will oversee day-to-day Pentagon operations. His appointment comes as Trump’s pick for secretary of defence, Pete Hegseth , faces resistance in the Senate. Other defence appointments include: Michael Duffey : Undersecretary of acquisition and sustainment. Emil Michael : Undersecretary of research and engineering. Keith Bass : Assistant secretary for health affairs. Joe Kasper : Chief of staff to Pete He...