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.
Key Takeaways: Billionaire CEO Richard White of WiseTech Global Ltd. has settled a high-profile legal battle with alleged former lover, wellness entrepreneur Linda Rogan , avoiding a bankruptcy court case. A notice of discontinuance was filed in the Federal Court of Australia on Monday, confirming the case was settled out of court last Friday. Rogan had earlier alleged in an affidavit that White expected sexual favors in exchange for investment in her business, a claim that intensified scrutiny on White. WiseTech shares plummeted 15% on Monday amid the scandal, but rebounded by 1.2% on Tuesday following news of the settlement. The settlement comes after weeks of scandal gripping Sydney’s business elite , leaving the company’s board reviewing matters related to White’s alleged past behavior.