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.
EBay stock surged nearly 10% in after-hours trading Wednesday after the company posted better-than-expected second-quarter results, driven by higher gross merchandise volume. Q2 Highlights: Net Profit: $368M (79 cents/share) vs. $224M (45 cents/share) last year Adjusted EPS: $1.37, beating estimates of $1.30 Revenue: $2.73B, up 6% YoY, above the $2.64B forecast Gross Merchandise Volume: $19.5B, up 6% Operating Margin: 17.7%, down from 21.3% a year ago CEO Commentary: “EBay delivered another strong quarter, with results exceeding expectations across the board,” CEO Jamie Iannone said. Outlook: Q3 EPS: 97 cents to $1.02 (analyst estimate: 98 cents) Q3 Revenue: $2.69B–$2.74B (analyst estimate: $2.66B) Adjusted EPS Forecast: $1.29–$1.34 (analyst estimate: $1.30) Summary: Strong Q2 results and higher-than-expected revenue sent eBay shares soaring after hours, signaling continued momentum despite a slight decline in operating m...