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.
US President Donald Trump warned that Netflix Inc’s planned US$72 billion acquisition of Warner Bros Discovery Inc could pose antitrust issues, adding political uncertainty to one of the largest media deals in history. Speaking at an event at the Kennedy Center, Trump said the combined company’s market share “could be a problem” — comments likely to heighten concerns that US regulators may challenge the merger. “Well, that’s got to go through a process, and we’ll see what happens,” Trump said on Sunday, confirming he recently met Netflix co-CEO Ted Sarandos. The remarks come as the deal faces what is expected to be an extensive review by the Justice Department, which will evaluate whether combining the world’s largest streaming platform with a major Hollywood studio violates competition laws. Prediction market Polymarket saw expectations for the deal’s completion fall sharply — from around 60% to 23% — following Trump’s comments. Warner Bros shares rose 1% ...