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.
Ciena (CIEN) stock experienced a significant rally on Thursday, climbing 15.70% to $84.70 in mid-morning trading, buoyed by upbeat forward guidance despite falling short of Wall Street's earnings expectations for the fiscal fourth quarter. Quarterly Performance Highlights : Earnings Miss : Adjusted earnings came in at 54 cents per share , below analysts’ consensus estimate of 65 cents , according to FactSet. Revenue Beat : Quarterly revenue reached $1.12 billion , surpassing the estimated $1.1 billion . Margin Decline : Gross margin fell to 40.9% , down from 43.1% a year ago, reflecting pricing pressure or cost increases. CEO Commentary : Gary Smith , CEO of Ciena, expressed confidence in the company’s technology leadership and positive industry dynamics : “Our Q4 revenue and strong order flow reflect our significant and increasing technology leadership.” The growing demand for Cloud and AI-d...