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.
US stocks and Treasuries fell on Monday, halting a four-day rally as investors grew cautious ahead of the Federal Reserve’s final policy meeting of the year. While a quarter-point rate cut is widely expected , traders are increasingly concerned about how many cuts will follow in 2026. The S&P 500 slipped 0.3% , pulling back after closing near a record high last week. A wave of dealmaking failed to lift sentiment — notably overshadowed by President Donald Trump’s warning that Netflix’s US$72 billion bid for Warner Bros Discovery may raise antitrust issues. Meanwhile, Paramount Skydance launched a hostile counteroffer , adding uncertainty to the sector. Stocks have rallied in recent weeks after several Fed officials signalled support for a third straight rate cut on Wednesday. But questions over the pace of easing next year , combined with doubts about the durability of the AI-driven market surge, weighed on risk appetite. Policy U...