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.
UBS Group AG executives have proposed introducing a permanent cap on the size of its investment bank as a way to address concerns from the Swiss government over potential financial risks. The move is designed to reduce the likelihood that future losses, such as the Archegos Capital debacle that contributed to Credit Suisse's collapse, could jeopardize the entire bank. Key Points: Investment Bank Size Limit: UBS is seeking to make its self-imposed limit on the investment bank, which currently stands at 25% of its balance sheet, a permanent fixture in Swiss law. This would help ease concerns that the investment bank could pose systemic risks to the economy. Capital Requirements: UBS is currently negotiating with the Swiss government, which is urging the bank to increase its capital levels by up to $25 billion to ensure financial stability. UBS argues that the government's capital demand is excessive, especially considering the bank’s role in rescuing Credit Suisse two years ag...