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.
Global markets rallied overnight as President Trump delayed the implementation of reciprocal tariffs , providing time for negotiations. Gold continued its 2025 rally , gaining 11% year-to-date amid ongoing geopolitical uncertainties. 🌍 Global Market Recap 🔹 Dow Jones: +0.77% 🔹 S&P 500: +1.04% 🔹 Nasdaq: +1.50% 📌 Nvidia (NVDA): +3.16% after HP Enterprise shipped its first Nvidia Blackwell AI system . Earnings set for Feb 26 . 📌 US 10-Year Treasury Yield: 4.528% (-0.106) after hitting 4.63% post-CPI data, with markets pricing in a 25-bps Fed rate cut by September . 📌 Gold (Barrick Gold - GOLD.US): USD 2,958/oz (+11% YTD) as investors seek safe-haven assets amid geopolitical risks , including recent Israel-Hamas ceasefire talks . 🇲🇾 Malaysia Market Overview 🔹 USD/MYR: 4.4555 (-155 pips) as the ringgit strengthened alongside regional ...