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.
DBS Group Holdings Ltd is seeing a growing influx of wealthy clients from Europe and the US , as investors increasingly turn to Asia for portfolio diversification and stability amid heightened global volatility. Rising Demand for Asia-Based Wealth Solutions According to DBS Private Bank, affluent investors are seeking investment opportunities and wealth management services in Asia , driven by concerns over: Geopolitical tensions , including the US-Iran conflict Rising energy costs Persistent market volatility Some high-net-worth individuals are also exploring secondary family office setups in Asia , highlighting a longer-term shift in wealth allocation strategies. Asia Positioned as a Stability Anchor DBS noted that wealthy clients are prioritising “absolute stability” , with Asia increasingly viewed as a safe and resilient investment hub . The region’s appeal lies in its economic growth prospects, diversified markets, and relative i...