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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

Indexes Pull Back, Bitcoin Surges Past $100K

Bitcoin reached new highs, breaking $100K and peaking at $104K , while equity markets retreated slightly from record levels on Thursday. Market Performance S&P 500 Index (.SPX.US): Fell 0.19% . Dow Jones Industrial Average (.DJI.US): Dropped 0.55% . Nasdaq Composite Index (.IXIC.US): Declined 0.18% . Investors await unemployment data on Friday, following continuing jobless claims that remained steady at 1.87 million , aligning with expectations. Bitcoin’s Record Surge Bitcoin's breakthrough of the $100K milestone garnered significant attention. However, Bitcoin-related stocks were volatile: Coinbase (COIN.US): Rose 5% at the open but closed down 3% . MicroStrategy (MSTR.US): Climbed 9% before ending the day down 4% . Commodities and Yields Crude Oil Futures (JAN5): Steady at $68/barrel after OPEC+ opted to maintain its current production cuts. Gold and Silver: Declined modestly. Treasury Yields: U.S. 2-Year Notes: Rose. U.S. 10-Year Notes: Increased. Stock Movers...