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.
Jack Ma is already China's wealthiest man...and now he is ready to take on the world. Alibaba's Jack Ma is China's wealthiest Alibaba, named for the Arabian Nights character who uttered "Open sesame" to get into treasure cave did just that. The IPO of Alibaba raised an unprecedented $25 billion, becoming the biggest IPO in history. With that, Ma, who'd once scraped together $20 a month teaching English, joined Warren Buffet, Bill Gates and Mark Zuckerberg among the world's 25 richest individuals. Unlike the usual Gates, Jobs or Zuckerberg, Jack Ma portrays himself as computer illiterate. "I've never written one code, never made one sale to a customer." It's important to take note that before the New York IPO, the Hong Kong bourse had declined to list Alibaba Group under a structure that gave Ma and his managers control even though he wound up owning less than 8% of the stock after the offering....but that didn't s...