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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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Tesla’s Political Curveball: Time to Lock In Gains or Short the Dip?

Tesla’s Q2 FY25 delivery report surprised the market with a  13.5% YoY drop  to 384,122 units — the second consecutive quarterly decline. Even with a  14% QoQ rebound , volumes are still below the pace needed to  beat FY24’s numbers , raising concerns of another year of negative growth. What’s Dragging Tesla? Global EV demand is cooling , especially in the US and EU. Tesla’s  ageing model line-up  is losing shine vs. newer competitors. Musk’s political pivot  — forming a US political party — adds  governance risk  and threatens Tesla’s perception in liberal markets. Trump’s potential return could mean a  rollback of EV tax credits , including the  $7,500 incentive  — a major demand lever. Market Reaction Stock rebounded 4.5%  post-earnings on China/Europe recovery optimism. But analysts remain cautious — Tesla needs to deliver  1M+ units in 2H25  to avoid a full-year decline, an uphill climb amid  regulatory...
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Global EV Sales Surge 30.5% in September as China Leads and Europe Rebounds

Global sales of fully electric (BEV) and plug-in hybrid vehicles (PHEV) surged by 30.5% in September compared to the previous year, driven by record-breaking sales in China and a recovery in European markets, according to data from market research firm Rho Motion. China led the global market, with sales rising by an impressive 47.9% to 1.12 million vehicles , surpassing its record set in August. Meanwhile, European EV sales grew by 4.2% to 0.3 million units , with significant growth in the United Kingdom (up 24%) , as well as gains in Italy, Germany, and Denmark. In contrast, growth in the U.S. and Canadian markets remained more modest, with a 4.3% increase to 0.15 million vehicles. The upcoming Nov. 5 election in the U.S. has led to uncertainty, making it difficult to predict future trends in the region, according to Rho Motion’s data manager, Charles Lester. Chinese automakers are continuing their push into the European Union despite facing challenges such as import duties of ...
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