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.
Market Rally Driven by Trump’s Tax Cuts & Economic Optimism Global stocks surged after House Republicans approved President Trump’s $4.5 trillion tax-cut plan . U.S. stock futures rebounded , with Nasdaq futures up 0.8% and S&P 500 futures gaining 0.5% . European stocks climbed for the second day , with STOXX 600 up 0.7% , and blue-chip indexes in Frankfurt, Paris, and London rising between 0.7% and 1.1% . Treasury Yields & Fed Rate Expectations U.S. Treasury yields edged higher : 10-year yield rose to 4.311% after dropping 10 basis points on Tuesday. 2-year yield increased by 2 basis points to 4.112% . Investors anticipate more debt issuance and at least two Fed rate cuts this year due to slowing U.S. economic data. U.S. consumer confidence fell at its sharpest pace in 3.5 years , fueling expectations of a dovish Fed policy. Dollar, Commodities, and Market Trends The dollar index gained 0.2% , recovering from a two...