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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.
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Malaysia Morning Wrap: Ringgit Hits 8-Year High as Bursa Extends Rally

Quick Summary Wall Street slid  on AI recession fears and fresh Trump tariffs Bursa Malaysia climbed , extending its post-CNY rebound Ringgit surged to strongest level in 8 years vs USD Government says  stronger currency won’t derail exports Wall Street Recap: AI & Tariff Shock US markets fell sharply as investors reacted to: A  Citrini Research warning  that AI could push US unemployment to 10% by 2028 President  Donald Trump  raising global tariffs from  10% to 15% Growing geopolitical tension with Iran Index Performance: Nasdaq:  -1.13% S&P 500:  -1.04% Dow Jones:  -1.66% Major decliners included: IBM  (-13.1%) American Express  (-7.2%) Visa  (-4.5%) JPMorgan Chase  (-4.2%) Salesforce  (-3.8%) Meanwhile, safe-haven metals surged: Silver futures:  +7.6% Gold futures:  +3.4% Bursa Malaysia: Ringgit Steals the Show The  FTSE Bursa Malaysia KLCI  rose  0.29% to 1,757.98 , extending...
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KLCI Hits 7-Year High: Supercycle or Cyclical Re-rating?

Malaysia’s equity market has crossed an important psychological and technical milestone. On  Jan 27 , the  FTSE Bursa Malaysia KLCI  broke above  1,750 , touching  1,771.25  intraday — its  highest level in more than seven years . The move was  decisive ,  broad-based , and supported by rising turnover, signalling more than just a thin technical bounce. At the same time, the  ringgit  has stabilised firmly in the  3.95–4.05 USD/MYR range , emerging as one of  Asia’s strongest currencies  entering 2026. The key question investors are now asking: Is this the start of a Malaysia equity supercycle — or simply a well-timed re-rating? What’s Really Driving the Rally? 1. Global Capital Rotation Is Real With the US Federal Reserve moving toward a more accommodative stance,  global capital is rotating out of crowded North Asian trades  (Japan, India) and into  ASEAN markets with valuation buffers . Malaysia stan...
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U.S. Tech Pullback Meets Policy Shake-Up, While Malaysia Sees Sector Rotation Boost KLCI

The U.S. equity rally took a breather on Tuesday, as profit-taking in tech stocks and renewed fiscal policy concerns weighed on sentiment. Meanwhile, Malaysia’s KLCI edged higher, driven by sectoral rotation into property and construction amid local macro tailwinds. U.S. Markets: Tech Weakness Meets Legislative Surprise U.S. stocks delivered a mixed performance, with the  S&P 500  (-0.11%) and  Nasdaq Composite  (-0.82%) both retreating from recent highs, primarily due to weakness in large-cap tech, including Tesla. In contrast, the  Dow Jones  rose +0.91% as investors rotated into industrials, materials, and financials — a move tied closely to expectations of increased fiscal spending. This rotation came after the  U.S. Senate passed President Trump’s controversial tax-and-spending bill , a sweeping $3.3 trillion package that includes significant  tax cuts ,  increased military spending , and  deep cuts to healthcare and food aid . ...
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