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.
Malaysia’s technology sector continues to face earnings headwinds , with analysts warning that US tariff uncertainty and cost pressures could further dampen performance over the next six months. What’s Happening? According to Hong Leong Investment Bank (HLIB) , tech stocks remain vulnerable even after a 21% decline in the Bursa Malaysia Technology Index so far this year — significantly underperforming the broader FBM KLCI , which is down about 7%. The US recently announced a 25% blanket import tariff on all Malaysian goods — catching the Malaysian government off guard. President Donald Trump has, however, left the door open for negotiations until the Aug 1 deadline . Key Concerns for Tech Firms US tariff uncertainty is clouding visibility on long-term demand. Rush orders currently supporting production may taper off once inventory levels normalize. Companies face rising costs : Higher...