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.
Advanced Micro Devices (AMD.US) skyrocketed 24% on Monday, sparking a surge in bullish call-option activityworth millions of dollars after unveiling a multi-year AI chip-supply deal with OpenAI — one that could generate tens of billions in revenue for the chipmaker.
AMD shares closed at US$203.71, after touching an intraday high of US$226.71, marking its biggest one-day gain in over a year. The rally triggered aggressive options buying, including a US$2.27 million block trade for calls with a US$240 strike price expiring in four days — more than 22 times existing open interest.
Under the deal, OpenAI will deploy 6 gigawatts of AMD’s Instinct GPUs beginning in 2H 2026, while AMD issued a warrant for up to 160 million shares tied to delivery milestones. The first tranche vests upon shipment of the initial 1GW of MI450 chips.
AMD CFO Jean Hu said the agreement “creates significant strategic alignment and shareholder value,” and will be accretive to non-GAAP EPS.
“This deal could transform AMD’s AI positioning by driving rack-scale adoption and expanding hyperscaler interest beyond Nvidia,”— Bloomberg Intelligence analysts Kunjan Sobhani and Oscar Hernandez Tejada.
The move further cements AMD’s role as a major challenger to Nvidia (NVDA.US) in the accelerating AI chip race.
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