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 soared past $90,000 for the first time following an election-fueled rally that began on Nov 5, when President-elect Donald Trump claimed victory. The original cryptocurrency reached a new peak of $91,085 , driven by expectations of crypto-friendly policies under Trump’s administration, including plans for a strategic Bitcoin stockpile and a regulatory environment favorable to digital assets. Trump’s shift from crypto skeptic to supporter has sparked renewed investor confidence across the digital asset market, pushing the entire crypto market's value to an all-time high. However, some analysts caution that while further gains are possible, much of the optimism may already be priced in. Dogecoin , the meme-inspired token, has been another standout performer, rallying by 80% in recent days . This rise was fueled in part by Trump’s announcement of a new Department of Government Efficiency , co-led by Elon Musk, which many viewed as a nod to Dogecoin’s community. In tra...