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.
Bitcoin has recorded its first weekly decline since Donald Trump’s election win, reflecting the impact of the US Federal Reserve’s cautious monetary stance. Key Highlights: Weekly Drop : Bitcoin fell over 7% , the largest weekly drop since September, trading around $94,344 , nearly $14,000 below its December 17 record high. Broader Crypto Market : Other digital assets, including Ether and Dogecoin , saw sharper losses of about 10% . Fed's Influence : The Fed’s hawkish outlook tempered speculative enthusiasm, despite optimism over Trump’s pro-crypto stance and his support for a national bitcoin stockpile . ETF Outflows : A record outflow from US Bitcoin exchange-traded funds last week signals potential price pressure ahead. Market Outlook: Support Level : Analysts highlight the $90,000 level as critical; a break below could trigger liquidations. Hedging Activity : Increased options market activity indicates downside protec...