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.
Quick Summary US stock futures fell sharply after Donald Trump signalled an imminent Fed chair announcement Kevin Warsh is widely seen as the frontrunner , with prediction markets pricing a 94% probability Dollar and Treasury yields ticked higher , pressuring equities Markets view Warsh as moderate — not aggressively dovish , raising liquidity concerns What’s Driving the Market US equity futures retreated after President Donald Trump said he has firmed up his choice to replace Fed Chair Jerome Powell , with reports pointing to Kevin Warsh . Bloomberg and Reuters reported that Warsh visited the White House on Thursday , fuelling expectations of a formal nomination as early as Friday. Why Markets Are Nervous While Warsh is seen as supportive of lower interest rates , investors are focused on his reputation for: Caution on heavy monetary stimulus Preference for a smaller Fed balance sheet Key tension: Lower rates, but ...