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.
The Case for Sterling Bonds With UK equities near record highs but lacking momentum, investors might consider a less stressful alternative: investment-grade sterling corporate bonds . While UK stocks attract private equity attention, broader performance lags global peers — only 16% growth since 2020 versus the S&P 500’s near double . Why Bonds Make Sense Now Yields on 10-year UK gilts sit at 4.5% , among the highest in developed markets. Sterling corporate bonds offer 130bps premium over gilts — more than euro equivalents. Recent deals, like ABP’s £300 million bond at 5.875% , were 5x oversubscribed. Macro Considerations Sterling strength has been supported by a weak dollar but may reverse if BOE rate cuts accelerate . UK equities are stock-picking territory , with little broad index upside due to economic slack. MoneyMaster Take — Key Insights: Sterling corporate bonds provide better risk-adjusted returns vs. UK stocks. FT...