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.
Key Takeaway: Robinhood shares soared over 15% to a record high after news broke that the trading app will join the S&P 500, fueling a surge in options activity and broader market momentum.
The Nasdaq extended its rally, climbing 0.45% to close at 21,798.70 — a fresh record after hitting a new intraday high. Gains were led by chipmakers, with Broadcom (AVGO) up 3% and NVIDIA (NVDA) rebounding nearly 1% from recent steep losses. Tech giants Amazon (AMZN) and Microsoft (MSFT) also ended higher.
The spotlight, however, was on Robinhood (HOOD), which spiked more than 15% on Monday after S&P Dow Jones Indices announced the stock would be added to the S&P 500 in the next rebalancing on September 22. AppLovin (APP)and EMCOR Group (EME) will also join the benchmark, replacing MarketAxess (MKTX), Caesars Entertainment (CZR), and Enphase Energy (ENPH).
Meanwhile, unusual options activity lit up the tape. Trump Media & Technology (DJT) saw heavy trading in the $17.5 calls, with open interest ratios hitting an eye-popping 101.1x, driven by 58,003 contracts.
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