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.
Index Movements: Nasdaq Composite : ▲ +0.3% to 20,730.49 (New Record High) Dow Jones Industrial Average : ▲ +0.5% to 44,254.78 S&P 500 : ▲ +0.3% to 6,263.70 Macro Overview: Markets Rally on Tame Inflation and Trump’s Clarification U.S. equity markets ended higher Wednesday, led by another record close for the Nasdaq Composite , as investors digested softer inflation data and President Trump’s denial of plans to fire Fed Chair Jerome Powell . Markets wobbled midday following reports that Trump asked Republicans about removing Powell due to dissatisfaction over interest rate policy. However, Trump later clarified: "We're not planning on doing it... unless he has to leave for fraud." Investors also welcomed tamer wholesale inflation : June PPI eased to 2.3% YoY , down from 2.7% in May, moving closer to the Fed’s 2% target. This bolsters the case for a potential rate cut , lifting investor sentiment. Movers of the Day: Mega-Cap and Sector Actio...