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.
Cindy Lui , a former equity sales trader at Citigroup Inc , has won her case for unfair dismissal in Hong Kong’s Labour Tribunal. The court ruled that the US bank failed to justify Lui’s summary dismissal in 2019. Background of the Case Lui, who served as a vice-president at Citigroup for 12 years, was part of a Hong Kong-based team accused of misrepresenting trading positions to clients. Regulators in Hong Kong had identified “pervasive dishonest behaviour” in Citigroup’s Asian markets division, leading to a HK$348.3 million fine in 2022. Citigroup terminated Lui for alleged misrepresentation of trades and misleading its investigations team. This dismissal resulted in Lui losing HK$2 million in pension benefits and her 2018 bonus. Key Tribunal Findings The tribunal found that while Citigroup had valid reasons for dismissal due to trade misrepresentation, there wasn’t sufficient evidence of fraud or dishonesty to warrant summary dismissal, which is consider...