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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 Brief | Nvidia Reaches Record High After GTC; Nestlé’s Q3 Profit Soars 34%

  Key Market Highlights Wall Street:  S&P 500 +0.23%, Nasdaq +0.80%, Dow +0.34% U.S. equities extended gains for a  third straight session , supported by renewed  U.S.–China trade optimism  and expectations of a  Fed rate cut . Nvidia (NVDA.US):  +4.96% → US$201.03 ( record high ) after CEO Jensen Huang unveiled  new AI partnerships  and guided for  US$500 billion cumulative chip revenue by 2026 . Stock rose further  +1.7% after hours . Apple, Microsoft, Alphabet:  Tech rally broadened; $MSFT$ climbed on  OpenAI stake expansion , $AAPL$ touched new highs on  iPhone 17 demand . Fed Watch:  Market expects a  25 bps rate cut  (to 3.75–4.00%) at Wednesday’s FOMC. Bursa Malaysia Overview FBM KLCI:  1,613.56 (−0.30%) Market tracked regional weakness on profit-taking ahead of the Fed decision. Breadth:  751 losers vs 331 gainers;  Volume:  3.86 bn shares worth RM 3.03 bn. Indicator Move...
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Asia Stocks Slip as Tariff Fears Weigh on Growth Outlook

Asian markets fell on Tuesday as investors reassessed the long-term impact of the new U.S.-EU trade deal and the reality that  higher tariffs are here to stay , raising concerns over global growth and inflation. Key Market Moves MSCI Asia-Pacific ex-Japan:  Down 0.7% Japan’s Nikkei:  -0.8% China Blue Chips:  -0.1% Euro:  Flat at  US$1.1592  after its biggest drop since May (-1.3% overnight) Brent Oil:  +0.1% to  US$70.10 , following a 2.3% jump Monday Tariff Shock The U.S.-EU pact avoided the worst-case scenario but imposed a  15% levy , up sharply from the 1–2% rates before Trump took office. Trump warned of a potential  15–20% “world tariff”  on countries without deals, the highest global rate since the 1930s. JPMorgan economists said the move is “a significant tax increase on EU exports” and “unwinds a century of U.S. leadership in free trade.” Other Market Drivers Oil Prices:  Spiked on Trump’s 10–12 day deadline for R...
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Malaysia Morning Wrap: Key Market Highlights

  Wall Street Recap U.S. stock indices retreated after hitting record highs earlier in the week: Dow Jones: Down 0.70% (-300 points). S&P 500: Declined 1.32%. Nasdaq Composite: Fell 2.24%. Breaking News in Malaysia Economists Maintain Cautious Optimism for Q4 GDP GDP Growth Outlook: Q4 2024 GDP projected between 4.2% and 5.5% following 5.3% growth in Q3. Growth driven by domestic policies and investments despite risks from U.S. tariffs under President Trump. Key Risks: Global trade concerns could weigh on 2025 GDP projections. PM Anwar’s Peru Visit Secures RM1.24 Billion in Potential Exports Key Sectors: Construction materials, medical equipment, palm oil, chemicals, and food and beverages. Highlights: Focus on logistics and port cooperation to enhance bilateral trade. Investment discussions in food processing, logistics, and pharmaceuticals . Stocks to Watch 1. Malaysia Airports Holdings (AIRPORT.MY) Takeover Bid: Led by Khazanah Nasional and EPF , offering RM11/share, ...
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