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.
Wall Street Summary
The U.S. stock market soared again with:
S&P 500: 6,280.46 (+0.27%) – 8th record close of 2025
Nasdaq Composite: 20,630.66 (+0.09%) – 6th record since June
Dow Jones: 44,650.64 (+0.43%)
Key drivers:
Delta Air Lines’ bullish forecast boosted airline stocks.
Nvidia climbed 0.75%, closing at a record $4 trillion valuation.
Jobless claims beat estimates at 227,000 (vs 235,000 expected), signaling continued economic strength.
Despite ongoing U.S. tariff threats, investors remain bullish, betting they’ll be negotiated down, unlike the panic-triggered selloff seen earlier this year.
Bursa Malaysia Highlights
FBM KLCI: 1,536.52 (+0.48%)
Top Gainer: Gamuda RM5.10 (+2.62%)
Top Loser: IOI Corp RM3.85 (-1.28%)
USD/MYR: 4.2520 (+0.07%)
KLCI rebounded strongly, breaking a 3-day losing streak, lifted by bargain hunting in blue-chip stocks. Market breadth was positive with increased trading volume of RM2.44 billion.
Analysts’ outlook:
Cautious in the near term due to external risks.
MIDF Research sees potential tariff relief from the U.S. (possibly reduced to 15% from 25%).
HLIB warns tech stocks face near-term headwinds from U.S. tariffs, forex pressure, and demand volatility.
Stocks to Watch
NEXG (formerly Datasonic): Buying RM28.5m industrial property to integrate R&D and manufacturing for cost efficiency.
AVALAND: Acquiring 3.19-acre land near KL’s transport hubs; planning a RM900m mixed-use development.
HOHUP: Facing a winding-up petition from IRB over RM23.7m in tax arrears.
ATLAN: Q1 profit fell 41% YoY, but declared 5 sen interim dividend (up from 1 sen).
PGB: Plans RM6.57m private placement for working capital and project guarantees.
SCABLE: To be delisted July 15; will operate as an unlisted entity.
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