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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 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.

European Carmakers Warn of Production Risks Amid Nexperia Dispute

European automakers are facing the prospect of major production disruptions if a growing dispute over Dutch chipmaker  Nexperia  isn’t swiftly resolved, the  European Automobile Manufacturers’ Association (ACEA)  cautioned on Thursday. The conflict stems from the Dutch government’s decision to  seize control of Nexperia , a China-owned firm, due to concerns about potential technology transfer to its parent company,  Wingtech . The move has placed Nexperia squarely in the middle of rising  U.S.-China tech tensions , with President  Donald Trump  imposing pressure on Chinese firms while Beijing retaliates through  export restrictions . Supply Chain Concerns Nexperia informed clients last week that it could no longer guarantee chip deliveries, prompting alarm across Europe’s auto sector. “Without these chips, suppliers cannot build key components for automakers — threatening production stoppages,” ACEA said in a statement. While Nexperia’s ...

Visa Profit Jumps 8% as Spending Stays Strong — What It Means for Investors

Strong Earnings Signal Consumer Resilience Visa (V) posted an  8% increase in quarterly profit  to  $5.3 billion , highlighting that  consumer spending remains healthy  despite lingering inflation concerns. Adjusted earnings came in at  $2.98 per share , beating Wall Street estimates of $2.85, while revenue surged  14% to $10.2 billion , also topping forecasts. Transaction Volumes Keep Climbing Global payments volume on Visa-branded cards rose  8% , with U.S. volumes up  7%  and international volumes climbing  10% . This growth underscores continued strength in both discretionary and everyday spending. For retail investors, these numbers show that Visa’s business model benefits directly from consumer activity regardless of economic uncertainty. Shares Dip After-Hours — Opportunity? Despite the earnings beat, Visa shares fell  2.6% in after-hours trading , likely due to profit per share coming in slightly below some estimates. H...

US Industrial Production Falls for Third Straight Month

  Key Highlights: Overall Decline : US industrial production dropped  0.1%  in November, marking the  third consecutive monthly decline , against expectations of a 0.3% rise. Weaker Segments : Utilities : Output fell the most in  four months . Mining : Recorded the  largest decline since May . Manufacturing : Increased  0.2% , but below expectations, following a revised 0.7% decline in October. Sector Analysis Aerospace Equipment : Despite the end of a Boeing machinists' strike,  aircraft parts production fell , dragging down the sector. Utilities : Declines reflect lower seasonal demand and output volatility. Mining : Reduced extraction activities contributed to the weakest results since May. Why It Matters High Borrowing Costs : Companies continue to limit  capital spending  due to elevated interest rates. Export Challenges : A  strong dollar  and  sluggish global markets  are adding headwinds for US manufacturers. ...