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.
Investors are increasingly moving away from well-known AI giants and seeking opportunities in less obvious sectors that could benefit from the technology boom. This shift, often referred to as the "Great Rotation," reflects concerns over the sustainability of gains in AI leaders amid geopolitical tensions and changes in global monetary policy. Key Points: AI Giants to Smaller Stocks: Shares of Nvidia Corp., which surged sevenfold since late 2022, have seen a selloff. Investors are now turning to smaller stocks and defensive sectors that had lagged behind. This rotation coincides with the broader application of AI beyond chips and software, including sectors like power and real estate. Sector Performances: Tech and communications sectors are the top performers year-to-date but are the worst performers this quarter. Real estate and utilities are the biggest gainers since the end of June. Sector Prospects: Power Supply: The tech industry’s electricity demand is outstripping sup...