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.
Invest at the bottom of the market and sell at the top. That’s solid advice, but it’s not easy to follow. Consider the stock market right now, for example. Is this the top of the market? Is it time to sell? With the American stock market already up more than 300 percent since March 2009, including dividends, these are pertinent questions. Several readers asked them in response to last week’s column, which pointed out that wherever the market goes next, it is definitely not at the bottom now. After years of spectacular gains, stocks are anything but cheap. What’s more, the market has been so placid this year — despite the turmoil emanating from Washington — that the calm on Wall Street has been almost supernatural. By some measures, stocks haven’t been this steady in more than 50 years. Furthermore, the economic expansion now underway is already the third longest since 1854. It takes little imagination to envision a sudden rout. Those observations unnerved some readers who aske...