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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.

Reasons to be bullish on Microsoft

Microsoft has seen its share price surged recently, especially with its recent earnings announcement that saw it beat the analysts' estimates. It appears that the company is on track for growth and profitability. Microsoft CEO Satya Nadella refocused the company’s core strategy from devices and services, redefining it as a productivity platform for a “mobile-first, cloud-first-world.” In other words, Nadella explained that the company’s strategy is focused on empowering people to become more productive by delivering a cloud that connects all devices. IMPRESSIVE EARNINGS RESULTS AND SHARE PRICE RECENTLY Microsoft stock has traded between $39.72 and $56.85 per share over the past 52 weeks and has gained almost 20% in stock value over the past year, with a market capitalization of $432.39 billion. Only Alphabet (Google) and Apple actually beat Microsoft on that front. The company reported that its earnings increased 11% to $0.69 per share and its revenue rose two percent to $...