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.
🟢 Nasdaq: +0.4% to 20,974.17 🔥 (New Record)
🟢 S&P 500: +0.1% to 6,305.60 🔥 (New Record)
🔴 Dow: -0.04% to 44,323.07
Key Takeaways:
Earnings Over Economy: Strong Q2 results (Verizon +4%) pushed markets higher, even as the Leading Economic Index dropped for the second month (-0.3%).
20% of S&P 500 companies have reported so far — beating estimates by 8%!
Movers & Shakers:
Winners:
Opendoor (OPEN) 🚀 +42.7% (463% gain since July 7!)
Navitas Semi (NVTS) 🔋 +24.7% (NVIDIA partnership buzz)
Alphabet (GOOGL) +2.7%, Amazon (AMZN) +1.4%, Meta (META) +1.2%
Losers:
QuantumScape (QS) -14.5% (cool-off after big run)
Webull (BULL) -13.4% (profit-taking)
NuScale (SMR) -9.6% (after 8-day win streak)
Analyst Vibe:
“Stock prices are holding up the economy right now.” – The Conference Board“AI & Big Tech are still the market’s engine.” – Treasury Partners
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