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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.

Ninja Van Reinvents B2B Restocking with Tech-Driven Solutions

In the fast-paced world of business, stockouts can be costly, leading to missed sales and lost opportunities. Fluctuating seasonal demands and inaccurate forecasting are common challenges that lead to understocking, impacting both performance and customer satisfaction. A study by Harvard Business Review found that retailers lose nearly half of intended purchases when customers encounter out-of-stock situations. To address this pain point, Ninja Van , known for its last-mile delivery services, has launched Ninja Restock , a business-to-business (B2B) restocking service aimed at solving stock shortages. Ninja Restock serves as a "personal supply chain assistant" for businesses, ensuring shelves are always stocked and operations run smoothly. Clarence Fernandez, head of B2B express at Ninja Van Malaysia, highlighted that the logistics market has been largely manual-driven. Ninja Van is working to digitize these processes , offering paperless solutions like a customer dashboar...

Ninja Van Suspends Vietnam Operations Amid Salary Disputes

Ninja Van has suspended operations at its Vietnam unit, ECRM Nobita , as it works to address delayed salary and social insurance payments to employees, according to a report by the Straits Times (ST). The company aims to resolve the outstanding issues by the end of next week, according to co-founder Tan Boxian . The impacted unit operates three offices in Ho Chi Minh City, Hanoi, and Vinh City , where it develops software solutions related to customer relationship management for online businesses. Ninja Van declined to disclose the amount owed to workers or comment on whether it plans to close its Vietnam offices, the report said.