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.
Key Takeaways: Singapore equities opened higher as US markets hit record highs on Fed rate cut optimism. Johor-Singapore Special Economic Zone (JS-SEZ) is attracting strong foreign investment, positioning Johor as Malaysia’s top growth driver. Alibaba trims SingPost stake from 11.33% to 4.61% in a S$64.4m selldown. Frasers Property, HRnetGroup, LHN, and Sim Leisure in focus on corporate updates. Market Snapshot STI (Sep 10, 9:00am): 4,304.63 (+0.16%) Volume / Value: 48.6m / S$65.1m Advancers / Decliners: 74 / 35 US equities closed at record highs Tuesday as weak payroll revisions heightened expectations for Fed easing: S&P 500: +0.3% to 6,512.61 Nasdaq Composite: +0.4% to 21,879.49 Dow Jones: +0.4% to 45,711.34 Fed rate cut probability stands at 91.8% for September (CME FedWatch), with the Fed Funds rate projected at 2.75%-3% by end-2026 . Gold briefly touched a record before paring gains. Bre...