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.
Markets opened Thursday with cautious optimism, buoyed by trade deal hopes and a wave of big-name earnings that sparked notable premarket moves. Here’s a quick look at the key stocks making headlines:
Tesla (TSLA) – Down 6.2%
Tesla reported a 16% drop in net income on 12% lower revenue ($22.5B). Automotive revenue fell 16%, while its energy unit slipped 7%. CEO Elon Musk teased a cheaper EV model launching possibly in Q4 and announced ambitious plans to expand the robo-taxi service to cover half the U.S. by year-end. But the numbers disappointed.
Alphabet (GOOG) – Up 3%
Alphabet beat estimates with Q2 earnings of $2.31/share on $96.43B revenue (vs. $2.19/share on $93.99B expected). Cloud revenue surged to $13.62B, and CEO Sundar Pichai said capex is rising to $85B amid strong cloud demand.
IBM (IBM) – Down 5.2%
IBM beat Q2 estimates with $2.80/share earnings on $17B revenue, but guidance didn’t excite. The tech giant expects 5% revenue growth in 2025 and free cash flow over $13.5B — matching April's projection. Shares dropped after a strong YTD rally (+28%).
T-Mobile (TMUS) – Up 5.1%
T-Mobile crushed estimates and raised full-year guidance for postpaid net customer adds to 6.1M–6.4M (up from 5.5M–6M). Investors cheered the upbeat outlook.
ServiceNow (NOW) – Up 7.1%
The enterprise software giant impressed with strong Q2 results and an upgrade in full-year subscription revenue guidance, fueled by robust AI-driven demand.
Southwest Airlines (LUV) – Down 1.2%
Missed expectations with 43 cents/share on $7.24B revenue, both under forecasts. But signs of improving travel demand and capacity moderation hint at a stronger H2.
Chipotle (CMG) – Down 11%
Despite in-line results, same-store sales dropped 4%, sparking investor concern. 2025 comparable sales are expected to be flat vs. 2024.
Las Vegas Sands (LVS) – Up 6.1%
Q2 earnings of 79 cents/share on $3.18B revenue beat expectations. Investors rolled the dice — and liked the outcome.
Still to Report Today:
Intel (INTC)
Honeywell (HON)
Union Pacific (UNP)
Blackstone (BX)
Newmont (NEM)
L3Harris (LHX)
American Airlines (AAL)
VeriSign (VRSN)
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