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.
Summary Indonesian markets came under renewed pressure after Moody's downgraded the country’s credit rating outlook to negative , amplifying concerns over policy uncertainty, governance, and capital outflows following recent market turmoil. What Happened Moody’s cut Indonesia’s outlook to negative from stable , while keeping the Baa2 rating unchanged The move followed MSCI ’s warning over transparency issues that had already triggered a US$80 billion market rout Stocks and currency weakened immediately in early trade Market Reaction Jakarta Composite Index: -2% intraday, extending weekly losses Rupiah: Fell to 16,880 per US dollar , near recent record lows International bonds: Longer-dated dollar bonds slipped 0.3–0.5 cents , trading at five-month lows Key point: Investors are demanding a higher risk premium across Indonesian assets. Why Moody’s Is Concerned Moody’s cited: ...