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.
US stocks rebounded sharply on Monday as investors bought into the market’s steepest rally since May, fuelled by renewed optimism over US-China trade talks, easing Middle East tensions, and continued enthusiasm around artificial intelligence. S&P 500 Posts Best Session in Five Months The S&P 500 surged 1.6% , adding to a bull market that has already lifted valuations by US$28 trillion (RM118.4 trillion) . Chipmakers led the rally — a sector index climbed nearly 5% , driven by Broadcom Inc’s 10% jump after OpenAI signed a multiyear deal to buy its custom chips and networking equipment. Analysts said the rebound demonstrated that “buy-the-dip” sentiment remains entrenched , even as valuations stretch. “Investors remain eager for exposure, and if this recovery holds, it reinforces the idea that retail investors can’t be easily shaken,” said Mark Hackett , Nationwide. Trade and Geopolitical Relief Lift Sentiment Markets gained after si...