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.
Asian markets are poised for a rebound after the US signalled a temporary delay in strikes on Iranian energy infrastructure , boosting hopes of de-escalation in the Middle East conflict . Relief Rally Builds on Softer Geopolitical Tone Equity futures across the region pointed higher: Japan, Hong Kong, and Australia markets set to open stronger US markets previously rallied over 1% , providing positive momentum The shift comes after US President Donald Trump indicated a five-day pause in military action , citing progress in discussions with Iran. Oil Volatility Remains Key Market Driver Oil prices remain highly sensitive: WTI crude rebounded after plunging more than 10% previously The Strait of Hormuz , which handles ~20% of global oil flows, remains central to market risk Despite the relief, uncertainty persists as Iran denied any negotiations , keeping the outlook fragile. Rate Expectations Shift as Yields Fall The easing geopolitic...