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.
What to Expect from Sea’s Performance on March 4 Sea Limited (SE) is set to announce Q4 2024 financial results before the market opens on March 4 (ET). Analysts expect revenue of $464 million , reflecting a 28.42% YoY increase , and earnings per share (EPS) of $0.435 . Sea’s stock has surged nearly 20% YTD, following a 160% gain last year . Shopee: E-Commerce Growth & Market Expansion Shopee remains a key growth driver , benefiting from: Expanding market leadership amid potential slowdown in social commerce in ASEAN . Investment in logistics to sustain long-term growth. Continued investment in Brazil to strengthen market presence. J.P. Morgan expects Shopee to leverage network effects for sustained growth and has raised its FY26E GMV forecast by 4%. However, intensifying competition from regional and global players could impact short-term performance. SeaMoney: Digital Finance Expan...