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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.

Crypto-Linked Equities Climb as Bitcoin Holds Firm; GameStop Gains on Insider Buy

Key Takeaway: Crypto-related equities saw modest gains in overnight trading as  Bitcoin stabilized above $83,250 , with risk sentiment returning selectively across digital asset proxies. Meanwhile,  GameStop shares rallied nearly 3%  following an increased stake by CEO  Ryan Cohen , reigniting interest in retail-driven meme stocks. Crypto Equity Snapshot: Hut 8 (HUT) : +3.1% MicroStrategy (MSTR) : +2.2% Marathon Digital (MARA) : +1.4% CleanSpark (CLSK) : +1.2% Bitcoin (BTC) : +0.5% to  $83,250 Ethereum (ETH) : +0.3% to  $1,815 The move follows  broader flight-to-alternatives activity , with investors parsing volatility across traditional asset classes after U.S. tariff announcements. Meme Stock Watch: GameStop (GME) : +2.9% CEO Ryan Cohen’s additional share purchase has fueled  speculative momentum , drawing renewed attention from retail forums and options markets. Market Perspective: Despite broader risk-off sentiment, these gains reflect  s...

GameStop Shares Drop After-Hours on $1.3 Billion Convertible Bond Deal to Buy Bitcoin

Shares of  GameStop (GME)  fell by  8.3%  to  $26  in extended trading after the video game retailer announced a  $1.3 billion convertible bond deal  aimed at raising capital to purchase  Bitcoin (BTC) . Key Points: Stock Performance : GameStop shares rose  11.7%  during regular trading, closing at  $28.36  after the company revealed plans to invest in Bitcoin. Convertible Bond Offering : GameStop plans to offer  $1.3 billion in 0% 5-year convertible bonds  privately to raise funds. Market Cap : The company’s market cap stands at approximately  $12.7 billion , according to LSEG data. Year-to-Date Performance : While GameStop’s stock is down  9.5%  year-to-date, it has gained more than  80%  in the past 12 months. Market Reaction: Despite the rise in GameStop's stock earlier in the day, the announcement of the capital raise led to a significant drop in shares after-hours, reflecting invest...

GameStop Takes a Bold Step into Cryptocurrency: What This Means for Investors

GameStop Diversifies: Bitcoin Investment on the Horizon In a move that's catching the attention of investors and crypto enthusiasts alike,  GameStop  (GME) has officially announced its plans to invest in  Bitcoin . The company's board unanimously approved an update to its investment policy, signaling a shift towards digital assets as part of its strategy to drive new growth. Key Takeaways: Bitcoin as a Reserve Asset : GameStop has confirmed that it will add Bitcoin to its treasury reserve assets, following recent speculation. However, the company has not shared specific details on the amount or timeline of this investment. Mixed Q4 Earnings : For the fourth quarter ending February 1, GameStop reported  net sales of $1.28 billion , falling short of the expected $1.48 billion. However, the company exceeded earnings expectations with  adjusted earnings of 29 cents a share  compared to the 8 cents analysts had anticipated. Challenges in Core Business : While Ga...

GameStop Shares Jump Nearly 9% in Overnight Trading as Board

  U.S. Stocks Performance: $S&P 500 Index : 5,776.65 (+0.16%) $Dow Jones Industrial Average : 42,587.50 (+0.01%) $Nasdaq Composite Index : 18,271.86 (+0.46%) U.S. major stock indexes saw modest gains on Tuesday, with the  Nasdaq ,  S&P 500 , and  Dow  all moving higher. The rally came despite a 7.2-point decline in the  Conference Board's Consumer Confidence Index , which fell to  92.9  in March.  $Trump Media & Technology (DJT.US)  surged by  8.85%  following an announcement of a new ETF partnership with  Crypto.com , while  $Tesla (TSLA.US)  continued its upward momentum, rising  3.5%  after a strong performance on Monday. Notably,  $GameStop (GME.US)  shares climbed  8%  in after-hours trading after the company revealed plans to add Bitcoin to its treasury reserves. This move came despite a decline in Q4 revenue, though the company reported increased profits due to cos...

GameStop Eyes Bitcoin Investment, Fueling Meme Stock Rally Once More

GameStop Corp. (GME) surged over 7% in after-hours trading  amid reports that the  meme-stock pioneer is considering a Bitcoin investment , potentially marking a new chapter for the retailer in the booming cryptocurrency market. 📰 Key Highlights 🔹  GameStop is exploring investments in Bitcoin and other cryptocurrencies , according to sources cited by CNBC. 🔹 The stock initially jumped  16% in extended trading  before settling at a  7% gain . 🔹 Speculation intensified after  CEO Ryan Cohen posted a photo with Bitcoin advocate Michael Saylor  (Strategy’s Executive Chair) on social media earlier this week. 💬  GameStop has not officially commented  on the reported plans, but the market response underscores investor excitement. 💰 Why Bitcoin? 🔹  Crypto adoption is accelerating , especially with the  pro-crypto Trump administration . 🔹  Coinbase and Robinhood  recently posted  strong earnings fueled by crypto t...

GameStop Surges as Roaring Kitty Returns

Shares of GameStop (GME.US) soared as much as 14% on Thursday afternoon following the return of Keith Gill , better known as Roaring Kitty , to the social media platform X. Gill’s cryptic post reignited excitement among meme stock enthusiasts, fueling both the stock price and options activity. GameStop Rally Details Catalyst: Gill posted a fake TIME Magazine cover featuring a desktop computer monitor and keyboard at 1:45 p.m. ET . By 3:45 p.m. , the post had been viewed 3.1 million times . Gill is known for triggering meme stock rallies with his enigmatic posts, boasting 1.6 million followers on X. Stock Reaction: GameStop shares surged as investors piled in, marking another chapter in the ongoing saga of meme stock volatility. Options Market Activity Most Traded Call Contracts: Strike Price: $30. Expiration: Dec. 6. Volume: 60,220 contracts . Open Interest: 18,110 contracts . The spike in call options highlights bullish sentiment, with traders betting on further gains. Broader...