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.
Target Corporation (NYSE: TGT) is set to release its second-quarter earnings on Wednesday before the market opens. Investors are watching closely to see whether improving store visits and digital momentum can offset mounting challenges from tariffs and intensifying competition. Earnings Snapshot: Revenue Estimate : $24.93 billion (vs. $25.45 billion YoY) EPS Estimate : $2.05 (vs. $2.57 YoY) Historical Performance : Missed in Q1; 6/10 beat on revenue, 7/10 on EPS Analyst Sentiment: Cautious Bank of America : Downgraded to Underperform , PT cut to $93 → Concerned about digital slowdown, margin pressure, and tariff exposure (50% of COGS from imports) Telsey Advisory : Maintains Market Perform , PT $110 Truist : Hold , PT raised to $107 Evercore ISI : In-Line , PT raised to $108 Key Themes to Watch: Store Visits : Q2 traffic down 3.1% YoY, but recovering from Q1’s -4.1% Digital Sales : Strong Q1 digital growth, particularly in same-day d...