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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Manchester United Fires Erik ten Hag After Poor Start to Season

Manchester United has parted ways with manager Erik ten Hag following a disappointing start to the season, leaving the club languishing in 14th place in the Premier League . The decision comes after Ten Hag's side managed just three wins in their opening nine league games, with four defeats, including heavy losses to Liverpool and Tottenham . A 2-1 defeat to West Ham on Sunday proved to be his final game in charge. Ten Hag, who joined United from Ajax in 2022, had won the League Cup in 2023 and the FA Cup earlier this year. However, the team has struggled to show signs of progress, and the Dutchman paid the price for United's poor start to the campaign, leaving them 12 points behind league leaders Manchester City . " Erik ten Hag has left his role as Manchester United men’s first-team manager ," the club said in a statement, expressing gratitude for his contributions and wishing him well for the future. Ruud van Nistelrooy , one of Ten Hag's assistants and ...

Manchester United bidding process goes to third round

RIVAL bidders for Manchester United have been invited to submit a third offer by the end of April, according to reports. Qatari banker Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani and British billionaire Jim Ratcliffe both submitted a second bid for the Premier League club last month. Several offers are understood to have been received in recent weeks but Sheikh Jassim and Ratcliffe remain the front runners to buy United should the Glazers give up control of the club they bought in 2005 for £790 million (S$1.3 billion). United’s unpopular owners announced in November they were conducting a strategic review, with the sale of the club one option being considered. The Qatari group has reportedly made an offer of about £5 billion for 100 per cent ownership of the club while Ratcliffe, a boyhood United fan, wants to buy the combined Glazer shareholding of 69 per cent. The Americans’ asking price is believed to be around US$6 billion – a figure that would make the 20-time English ch...