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.
Goldman Sachs Group Inc. reported a 45% jump in third-quarter profits, driven by a strong performance in its equity-trading unit and a recovery in its investment-banking business . The firm's stock traders delivered their best quarter in over three years, with Goldman on track for a record year in stock trading. This surge helped offset declines in the bank's fixed-income trading . Goldman’s third-quarter revenue rose 7% to $12.7 billion , while net income climbed to $2.99 billion , or $8.40 per share . Despite the positive results, CEO David Solomon expressed concerns about new capital rules for banks, warning that such regulations could slow economic growth by increasing the cost of credit. Goldman’s shares, which initially rose as much as 3.4% , later fell by 1% in New York. Despite this, the stock has gained 34% this year, outperforming other major U.S. banks and reaching an all-time high. The firm’s investment-banking revenue of $1.87 billion exceeded analysts’...