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.
Align Technology (NASDAQ: ALGN) shares fell sharply in after-hours trading Wednesday after the company posted disappointing second-quarter results and issued a lower-than-expected outlook. Q2 Highlights: Revenue: $1.01B vs. $1.06B estimate, down 1.6% YoY Adjusted EPS: $2.49 vs. $2.57 estimate Clear Aligner Revenue: $804.6M, down 3.3% YoY Imaging Systems & CAD/CAM Services: $207.8M, up 5.6% YoY Cash & Equivalents: $901.2M CEO Joe Hogan noted strong consumer interest in Invisalign but said “uneven patient case conversion” led to a weaker-than-expected seasonal uptick in case starts. Stock Buyback: Align repurchased 585,100 shares during the quarter at an average price of $164.14 per share. Guidance: Q3 Revenue Forecast: $965M–$985M vs. ~$1.04B estimate. Company plans to cut costs and refine marketing efforts to support growth in its clear aligner and scanner products. Market Reaction: Shares plunged 36.8% in after-h...