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.
Ancom Nylex Bhd (KL ) In a significant development, Helm AG , a Hamburg-based chemical marketing firm owned by CEO Stephan Schnabel , became a substantial shareholder in Ancom Nylex Bhd . On Sept 23 , Helm subscribed to 96.22 million new shares at RM1 each through a private placement. Additionally, Helm is set to purchase 30 million treasury shares from Ancom Nylex, bringing its total stake to 13.6% post-placement. This investment is expected to help Ancom Nylex expand its presence in Europe and the Americas . Before the placement, Helm acquired 48.5 million shares , representing a 5.01% stake , and further increased its holding to 13.9% by the end of the week through additional purchases. Barakah Offshore Petroleum Bhd (KL KAH) Barakah Offshore Petroleum Bhd witnessed a notable change in its shareholding as Baxtech Resources Sdn Bhd , its second-largest shareholder, exited by selling its 6.7% stake on Sept 18 . Following this, Group President and CEO Datuk Seri Nik Hamdan Dau...