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.
As the holiday season nears, Palantir Technologies (PLTR) has emerged as the best-performing stock in the S&P 500 this November, while Celanese Corp (CE) has taken the bottom spot, according to Dow Jones Market Data. Palantir’s Stellar Performance November Gains: Shares of Palantir have surged 49% , on track for their best monthly performance since February. Key Drivers: Q3 Earnings: On Nov. 5, the stock soared 23% after posting better-than-expected Q3 results and raising annual guidance. AI Momentum: The company’s artificial intelligence capabilities continue to drive investor excitement. Index Milestone: Palantir’s inclusion in the S&P 500 in September has added to its momentum. Market Move: Palantir will transfer its stock to the Nasdaq Global Select Market on Nov. 26, moving from the NYSE. Year-to-Date Performance: The stock has skyrocketed 262% , setting it up for its best year on record. Celanese’s Struggles November Losses: Celanese shares have dropped 42% , ...