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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Retail Credit Card Interest Rates Hit Record Highs: Here's What You Need to Know Before Signing Up

When you're tempted to sign up for a retailer's credit card at the checkout counter, the promise of an initial discount or future perks might seem like a great deal. But beware: that cute blouse or new gadget could end up costing you far more if you don’t pay off your balance in full each month. A recent study by Bankrate has found that interest rates on store credit cards have reached their highest levels since the firm began tracking them in 2008. The average rate on these cards now stands at 30.45% , a significant jump from 24.35% in 2021, and far above the average rate for general credit cards, which is around 21% . Some store cards, like those from Academy Sports + Outdoors, Petco, and Big Lots , are even hitting 35.99% APR . How High Rates Could Impact Your Wallet Let's break down what this means: If you sign up for a store card and make a $1,000 purchase with a 20% discount, you'll pay $800 upfront. But if you carry that $800 balance at an APR of 35.99% and onl...