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.
Oracle Corp has projected that its annual revenue will rise to at least $104 billion (RM447.68 billion) by fiscal 2029 , signaling strong growth prospects for its cloud infrastructure business . This optimistic forecast was presented by Executive Vice President Doug Kehring during Oracle’s annual financial analysts' briefing. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion , up from its previous target of $65 billion . This revised forecast exceeds analysts' average estimate of $64.5 billion for 2026, according to a Bloomberg survey. The Austin-based software giant, best known for its database software , is aggressively expanding its presence in the cloud infrastructure market —a space where it competes with Amazon.com Inc , Microsoft Corp , and Alphabet Inc's Google by renting out computing power and storage. Oracle's cloud platform has gained recognition for its performance with generative artificial intelligence (AI) workloads , with ...