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.
China’s stock market has seen an impressive rally this year, and according to Sean Taylor , CIO and Portfolio Manager at Matthews Asia, this surge is being driven by tech , artificial intelligence (AI) , and the recovery of the private sector . The big question now: Is this rally sustainable? Key Drivers of the Rally: Tech and AI Lead the Charge : The rally is largely powered by the tech sector , with AI playing a significant role. This tech-driven surge is seen as a positive signal for growth, especially as China’s private sector begins to recover. Private Sector Rebound : One of the most important factors fueling growth is the warming of China’s private sector , as evidenced by a meeting between President Xi and key private entrepreneurs like Jack Ma . This shift signals the potential for job creation and more investment in the private sector, which in turn could fuel further market growth. No Policy Hope, But Still Up ...