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.
Earnings Beat Propels Historic Milestone Microsoft ($MSFT) became only the second company in history to cross the $4 trillion market capitalization mark, after reporting quarterly results that topped Wall Street expectations. Shares rose 8.2% , driven by robust cloud and AI demand. Azure Delivers 39% YoY Growth Azure revenue surged 39% YoY , outperforming the consensus estimate of 34%. Management guided for 37% growth in the upcoming quarter, signaling sustained momentum in enterprise cloud adoption. Aggressive AI CapEx Supports Long-Term Outlook Microsoft announced fiscal Q1 capital expenditures exceeding $30 billion , primarily to scale AI infrastructure. Full-year revenue growth is forecast in the double digits, reinforcing its position as a leading AI ecosystem provider. Valuation Snapshot P/E (NTM): ~35x vs. 5-year average of 32x EV/EBITDA (NTM): ~26x vs. peer median of 22x Free Cash Flow Yield: ~2.5% MSFT vs. Peers: Nvidi...