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.
The U.S. equity rally took a breather on Tuesday, as profit-taking in tech stocks and renewed fiscal policy concerns weighed on sentiment. Meanwhile, Malaysia’s KLCI edged higher, driven by sectoral rotation into property and construction amid local macro tailwinds. U.S. Markets: Tech Weakness Meets Legislative Surprise U.S. stocks delivered a mixed performance, with the S&P 500 (-0.11%) and Nasdaq Composite (-0.82%) both retreating from recent highs, primarily due to weakness in large-cap tech, including Tesla. In contrast, the Dow Jones rose +0.91% as investors rotated into industrials, materials, and financials — a move tied closely to expectations of increased fiscal spending. This rotation came after the U.S. Senate passed President Trump’s controversial tax-and-spending bill , a sweeping $3.3 trillion package that includes significant tax cuts , increased military spending , and deep cuts to healthcare and food aid . ...