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.
Key Takeaway Chinese AI chipmaker Cambricon Technologies (688256.SS) plunged ~12% in morning trade Thursday, its steepest intraday drop since Jan 2025, as investors booked profits after a parabolic August rally. The selloff also weighed on China’s broader semiconductor sector and the STAR50 Index. Market Snapshot Cambricon Technologies : –12% intraday (Sept 4) STAR50 Index : –5% Onshore Semiconductor Stocks : –6% CSI300 Index : +10% over past month Drivers of the Decline Profit-Taking : Stock more than doubled in August, triggering rotation. Index Rebalancing Risk : Cambricon’s weight in STAR50 rose to 15% , breaching 10% single-stock cap. Rebalancing expected on Sept 12 , raising selling pressure concerns. Company Warning : Cambricon issued risk disclosure last week, cautioning investors about speculative excess. Macro Headwinds : Reports that regulators may curb speculation after US$1.2T rally since early Aug. Sector Context AI & Tech Surge : ST...