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.
Meme stocks are back. And this time, it’s Kohl’s (KSS) and Opendoor (OPEN) leading the retail rebellion. As short interest spikes and trading volume explodes, a new generation of speculators is resurrecting the tactics and energy of the 2021 GameStop saga — but with different names and a whole lot of risk. The Numbers Behind the Noise Kohl’s (KSS) : +38% on Tuesday, following intense Reddit chatter Opendoor (OPEN) : +439% in a month, now retreating (-10% Tuesday) QuantumScape (QS) : +200% past month, fueled by Tesla rumors Rigetti (RGTI) : volatile with growing short interest More than 3.4 million Opendoor options contracts traded Monday — exceeding Tesla and Nvidia combined . That’s not fundamentals — that’s FOMO. What’s Fueling Meme Mania 2.0? Short Squeeze Setup Both KSS and OPEN were heavily shorted. As traders piled in and prices spiked, short sellers were forced to buy back shares — accelerating the rally. Retail Revival From Reddit to X, retail...