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.
Market Milestone Nvidia (NVDA) shares surged 4.3% to hit a record high of US$154.31 , pushing its market cap to an astonishing US$3.77 trillion — dethroning Microsoft as the world’s most valuable company. This milestone marks a 63% rally from April's low , adding nearly US$1.5 trillion in value. This isn't just a spike; it's the latest chapter in Nvidia's AI dominance story. Why It Matters Recent earnings results showed Nvidia's growth engine is still roaring, even amid China chip restrictions. With major clients like Microsoft, Meta, Alphabet, and Amazon continuing to invest heavily in AI infrastructure, Nvidia remains deeply embedded in the ecosystem. Valuation Check Despite its surge, Nvidia still trades at: 31.5x forward earnings , below its 10-year average. PEG ratio at 0.9 , the lowest among the "Magnificent Seven." That means: High growth, fair valuation — a rare combo. Ownership Gap = Upside Potential? Only 74% of long-only funds ...