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.
LKQ Corp. stock plunged 17.8% , making it the worst-performing stock in the S&P 500 on Thursday , after the automotive parts and services provider delivered disappointing earnings and slashed its 2025 outlook . Key Financial Results: Adjusted EPS : 87 cents – Missed estimates of 92 cents – Down 11% year-over-year Revenue : $3.64 billion – Slightly beat expectations of $3.62 billion Parts & Services Comparable Revenue : -3.4% vs. Q2 2024 2025 Outlook Cut: New EPS Guidance : $3.00–$3.30 – Previously: $3.40–$3.70 Organic Revenue Forecast for Parts & Services : – Now expected to decline 1.5% to 3.5% – Previously forecasted as flat to +2% What’s Dragging LKQ Down? Fewer vehicle repairs due to: Higher insurance deductibles Declining used car prices Increased repair costs Lower insurance coverage rates Economic slowdown in Europe Tariff uncertainty in North America These factors have reduced the num...