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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.
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Think Bonds Over UK Stocks for Now

The Case for Sterling Bonds With UK equities near record highs but lacking momentum, investors might consider a less stressful alternative:  investment-grade sterling corporate bonds . While UK stocks attract private equity attention, broader performance lags global peers — only  16% growth since 2020  versus the  S&P 500’s near double . Why Bonds Make Sense Now Yields on 10-year UK gilts sit at 4.5% , among the highest in developed markets. Sterling corporate bonds offer 130bps premium  over gilts — more than euro equivalents. Recent deals, like ABP’s  £300 million bond at 5.875% , were 5x oversubscribed. Macro Considerations Sterling strength  has been supported by a weak dollar but may reverse if  BOE rate cuts accelerate . UK equities are  stock-picking territory , with little broad index upside due to economic slack. MoneyMaster Take — Key Insights: Sterling corporate bonds provide better risk-adjusted returns  vs. UK stocks. FT...
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UK Bonds Tumble as Investors Eye Fragile Finances and Global Risks

UK government bonds (gilts) fell sharply , erasing Wednesday’s gains, as markets shifted focus from a smaller debt plan to  long-term fiscal concerns  and the threat of rising global borrowing costs. Key Market Moves: 10-year gilt yield surged to 4.81% , highest since mid-January Gilts  underperformed European peers  as investor optimism faded Market concerns include: Limited fiscal headroom Potential shocks  (like global rate hikes or US tariffs) What’s Fueling the Selloff? Despite Chancellor  Rachel Reeves restoring her fiscal buffer , analysts say the UK remains  vulnerable to external shocks . The  Office for Budget Responsibility (OBR)  warned Reeves’ buffer could be wiped out if: Trump imposes 20% tariffs globally Borrowing costs rise by just 0.6% Fiscal Uncertainty Ahead Autumn budget in October  could bring  tax hikes or spending cuts . OBR estimates a  46% chance of Reeves breaking her fiscal rule  (taxes funding ...
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