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.
The housing market may not be booming yet — but Wall Street is betting on a rebound. On Tuesday, homebuilders and furniture stocks surged after PulteGroup and D.R. Horton reported better-than-expected Q2 results. And while revenues still declined year-over-year, they beat analyst expectations , sparking renewed optimism. Let’s break down what happened and what it could mean for your portfolio: The Numbers That Moved the Market $DHI (D.R. Horton) : → Revenue : $9.23B vs $8.75B expected → Net Income : $1.02B vs $887.8M expected → 🔺Stock jumped 17% $PHM (PulteGroup) : → Revenue : $4.4B vs $4.38B expected → Profit : $608.5M vs $591.4M expected → 🔺Stock climbed 12% And they weren’t the only winners: $LEN (Lennar) : +8.3% $KBH (KB Home) : +8.8% $BLDR (Builders FirstSource) : +7.3% Furniture names : → $RH: +9.3%, $W (Wayfair): +7.1%, Lovesac: +2.8% A Hint of Recovery? What’s really fueling the rally? Not a surge in demand , bu...