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.
Shares of Asana (ASAN) skyrocketed over 40% on Friday after KeyBanc issued a positive note highlighting the company's AI advancements, stabilizing customer retention, and a promising debut from its new Chief Financial Officer, Sonalee Parekh. Key Takeaways: AI Studio Success : Asana's fiscal Q3 showcased its innovative AI Studio , featuring workflows with integrated AI agents, which has been a standout driver of growth. Operational Discipline : CFO Sonalee Parekh took decisive steps in her debut quarter to improve profit margins by: Leveraging low-cost geographies. Cutting marketing expenses. Focusing on sales efficiency and non-headcount-related savings. Analyst Upgrade : KeyBanc upgraded Asana’s rating from Underweight to Sector Weight , noting untapped potential in cost efficiencies compared to peers. Analyst Commentary: "Benchmarked against peers, Asana has significant opportunities for cost leverage," KeyBanc wrote. The firm also removed its downside price targ...