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.
Key Takeaways Seagate (STX) and SK Hynix (000660 KS) both delivered strong quarterly results , underscoring persistent strength in the global memory and storage cycle . AI infrastructure demand continues to be the single largest driver of profitability across HDD, DRAM, and NAND segments. Analysts see sustained pricing power and supply discipline carrying into 2026, extending the current semiconductor supercycle . Seagate (STX US): Solid Quarter Validates HDD Rebound Fiscal Q1 FY26 (September Quarter) Metric Result YoY Change Consensus Revenue US$2.63B +21% US$2.55B Non-GAAP Net Income US$583M +73% — EPS US$2.61 +69% US$2.39 Gross Margin 40.1% Flat QoQ — Outlook (Q2 FY26): Revenue guide of ~US$2.7B (+16% YoY) — slightly ahead of consensus. Non-GAAP operating margin expected to rise to ~30% , supported by pricing gains and cost efficiencies . Strategic Highlights: Seagate’s HAMR (Heat-A...