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.
DocuSign shares surged over 28% by midday Friday following the release of third-quarter earnings that exceeded Wall Street expectations. The software company reported adjusted earnings per share of 90 cents on revenue of $754.8 million , outperforming analyst estimates of 87 cents on revenue of $745.3 million . Key highlights: Subscription revenue climbed 8% year-over-year. Billings rose 9%, a metric analysts noted as a standout performance. DocuSign also boosted its fiscal-year revenue forecast to $2.96 billion , up from its prior range of $2.94 billion to $2.95 billion . CEO Allan Thygesen expressed optimism, stating, "We continued to drive improvement in our core business with strong revenue growth and operating profit." Analyst Insights: Needham analysts praised the uptick in billings, noting it "stole the show," but maintained a Hold rating. William Blair highlighted the success of DocuSign's Intelligent Agreement Management (IAM) platform and its n...