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.
Southeast Asia’s worst-performing tech stock in 2025 — GoTo Gojek Tokopedia — may be primed for a rebound. After shedding nearly 90% of its value post-IPO and losing US$2.2 billion in market cap this year alone, analysts from JPMorgan, Aletheia Capital, and SGMC Capital are spotting signs of recovery. “It has done all the right things, but the market seems to have punished the stock,” said Aletheia’s Nirgunan Tiruchelvam. Fundamentals Turning Positive Q1 adjusted EBITDA profit of 393B rupiah (~US$24.2M), reversing a loss of 101B rupiah YoY Net revenue up 37% Fintech business surged 90% , with 20M+ monthly active users GoTo’s fintech arm — including its digital wallet and lending platform — is emerging as a dark horse in Southeast Asia's digital finance space. SGMC Capital sees potential for GoTo to rival SEA and Grab in momentum and scale. Merger Rumors Remain While Grab’s reported interest in acquiring GoTo continues to circulate, regulat...