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.
Intel (INTC) – Down 4% Q2 revenue beat expectations , but the market reacted negatively to CEO Lip Bu Tan’s comments , which failed to boost investor confidence. Ongoing concerns over deep job cuts, weak EPS guidance, and strategic uncertainty weighed on sentiment. AST SpaceMobile (ASTS) – Down 7% Shares fell after the company filed for a Class A common stock offering , which often signals potential dilution. Deckers Outdoor (DECK) – Up 12% Strong earnings beat drove the surge. The company also announced shoe price increases , which boosted profit outlook and investor sentiment. Newmont Corporation (NEM) – Up 2% Reported better-than-expected earnings per share (EPS) and revenue , supporting the stock’s modest gain. Meme Stock Rally Opendoor Technologies (OPEN) jumped 5.7% Krispy Kreme (DNUT) added 4% Driven by retail investor momentum , social media chatter, and short...