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.
Tesla (TSLA) is on pace for its worst day since 2020 , with shares down 15.43% . The electric vehicle giant's stock is now erasing its post-election gains , leaving investors to wonder if this is just a temporary setback or a sign of deeper trouble. Key Factors Behind the Drop: Disappointing Sales Data : Tesla’s sales figures have missed expectations, particularly in Europe , where deliveries for the Model 3 and Model Y have been below target in key markets such as Germany, France, Norway, and Spain . While the U.K. has shown stronger performance, concerns over weak demand in other regions are weighing on the stock. Musk’s Distractions : Investors are increasingly concerned that Elon Musk is losing focus on Tesla, especially with his role as the head of the Department of Government Efficiency . Musk’s attention has shifted toward government-related efforts, including j...