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.
Palo Alto Networks (PANW) shares dropped 3% in after-hours trading as investors were left underwhelmed by the company’s bookings metric , despite strong Q2 revenue growth of 14% to $2.3 billion , beating expectations. 🔹 Key Earnings Highlights 🔹 Revenue: $2.3 billion (above the $2.2B estimate). 🔹 Adjusted EPS: $0.73 (below the $0.78 consensus). 🔹 Remaining Performance Obligations (RPO): $13B for Q2 (in line with $12.96B expected). 📌 Forward Guidance: April quarter RPO: $13.5B-$13.6B (analysts expected $13.55B). Revenue forecast: $2.26B-$2.29B (vs. $2.27B expected). 📌 What’s Missing? ✔️ RPO growth accelerated to 21% , but the dollar value met expectations without exceeding them, leaving investors wanting more. 📌 Why It Matters: Bookings and RPO are key indicators of future revenue , and steady (but not exceptional) growth raised concerns. 🛡️ Platformization Strategy Under Scrutiny 🔹...