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.
India’s quick-commerce champions are riding a bullish wave , with Swiggy and Eternal Ltd. outpacing benchmarks and regional peers over the past month, supported by strengthening fundamentals, first-mover advantages, and improving investor sentiment . Stock Scorecard (Past 30 Days): Swiggy Ltd. +20% 🚀 Eternal Ltd. +11% Nifty 100 < trailing behind China’s Meituan & JD.com ↓ $70B market cap loss since March What’s Fueling the Surge? Profitability Now in Sight After aggressive expansion and deep discounting, key players like Swiggy’s Instamart and Eternal’s Blinkit are now scaling back on costs and zeroing in on monetization. Analysts say losses may have already peaked . First-Mover Advantage Still Intact Despite heavyweight entrants like Amazon and Flipkart, incumbents control 88% of India’s quick-commerce market, with dense networks of “dark stores” and optimized delivery logistics. Shift in ...