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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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Global Markets Slide as Oil Prices Surge on Gulf Shipping Attacks

Market  Snapshot Global  financial  markets  came  under  pressure  after  attacks  on  oil  tankers  in  the  Persian  Gulf  and  renewed  warnings  from  Iran   raised  fears  of  a  deeper  energy  supply  crisis. The  escalation  briefly  pushed  Brent  crude  above  US$100  per  barrel ,  marking  one  of  the  sharpest  moves  in  oil  prices  since  the  conflict  began. Equities  reacted  negatively  as  investors  reassessed  the  risks  of  prolonged  disruption  to  Middle  East  energy  exports . In  early  US  trading: Dow  Jones  Industrial  Average:   -1.26% S& P 500:   -0.82% Nasdaq  Composite:   -0...
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Global Shares Rise as Fed Rate Cut Bets Weigh on Dollar

  European stocks rose on Tuesday while the US dollar remained under pressure, as investors anticipated a potentially aggressive rate cut from the US Federal Reserve (Fed) . With the Fed expected to begin its easing cycle, markets have increasingly priced in the possibility of a 50-basis-point rate cut . Futures markets have fully priced in a quarter-point cut and now show nearly a 70% probability of a half-percentage-point rate cut on Wednesday, up sharply from around a 15% chance last week. This shift comes after multiple media reports suggested more aggressive monetary easing. The prospect of a deeper rate cut has boosted risky assets and driven down the dollar and bond yields. "It's back to the Fed put," said Eddie Kennedy , head of discretionary fund management at Marlborough Investment Management . "Everyone's pricing in the soft landing... Generally, stocks have done well in such environments." The pan-European STOXX 600 was up 0.5% to a two-...
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