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: AMD is cutting approximately 1,000 jobs as part of a strategy to shift resources towards AI and data center markets , areas where it faces tough competition from Nvidia. Advanced Micro Devices Inc. (AMD) announced it will reduce its global workforce by about 4% , primarily affecting sales and marketing roles tied to consumer and gaming PCs. The move reflects AMD's strategic pivot towards high-growth sectors like AI processors and corporate data centers . This workforce reduction is part of AMD’s broader push into AI-driven technology , where it aims to challenge Nvidia’s market dominance. Despite the layoffs, the company is continuing to hire selectively in areas aligned with its growth priorities. AMD joins other tech giants like Cisco and Intel , both of which have recently announced significant layoffs as they restructure to focus on emerging tech markets.