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 rallied in Asian trading on Monday as investors increasingly turned to cryptocurrencies amid geopolitical uncertainty , outperforming several traditional assets during the ongoing Middle East conflict. The world’s largest cryptocurrency rose as much as 3.7% to above US$74,400 , while major altcoins posted even stronger gains. Ether jumped up to 6.9% , with Solana climbing 6.1% and XRP advancing 4.7% . Crypto Outperforms Traditional Safe Havens Despite heightened geopolitical tensions following the Iran conflict that began in late February , bitcoin has deliver...