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 Takeaways Wall Street rallied to fresh highs , led by AI and Magnificent Seven stocks, with the Dow Jones setting another record close. Maybank Investment Bank upgraded Malaysia's technology sector to Positive , citing stronger semiconductor demand and improving order visibility. Bursa Malaysia eased 0.11% , reflecting sector rotation despite a stronger ringgit and improving outlook for technology stocks. ViTrox and ITMAX emerged as Maybank's preferred picks , while strong earnings and IPO demand highlighted continued strength across selected sectors. Technology and AI remain key investment themes , supporting Malaysia's semiconductor supply chain and export outlook. Market Overview Global investor sentiment strengthened after another robust session on Wall Street, where AI-related stocks reignited market momentum. The Dow Jones Industrial Average reached a new record closing high, while the Nasdaq Composite jumped more than 2% as investors return...