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.
Rubrik, a leading data security company, saw its stock soar Friday following a narrower-than-expected third-quarter loss, robust revenue growth, and upgraded fiscal-year guidance. Key Highlights: Earnings Beat: Rubrik posted an adjusted Q3 loss of 21 cents per share, better than the expected 40 cents per share loss. Revenue Growth: Quarterly revenue climbed 43% year-over-year to $236.2 million, surpassing analysts' estimates of $217.5 million. Subscription Revenue: Subscription revenue rose 55% to $221.5 million. Upgraded Guidance: The company raised its fiscal-year revenue outlook to a range of $860 million to $862 million, up from $830 million to $838 million. Market Reaction: Rubrik's stock was up 28% by midday Friday, continuing its strong post-IPO performance. The stock has now gained 105% since its April IPO price of $32. Analyst Sentiment: Guggenheim: Analysts highlighted Rubrik's "uncommon business momentum" and raised their price target from $52 to $...