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.
Singapore equities opened lower on Monday as markets reacted to a sharp escalation in geopolitical tensions following a US naval blockade of the Strait of Hormuz . STI Dips Amid Rising Geopolitical Risks The FTSE Singapore Straits Time Index fell 0.34% to 4,972.32 , reflecting cautious sentiment across the market. Decliners outpaced advancers 160 to 79 Trading volume: 143.8 million shares (S$214 million) The decline comes as investors reassess risks after a breakdown in US-Iran negotiations. Trump Declares Hormuz Blockade Donald Trump announced that the US Navy would blockade all ships entering or leaving the Strait of Hormuz , a critical artery for global energy supply. The move significantly raises concerns over: Global oil supply disruptions Rising energy prices Inflation pressures across economies Markets are increasingly pricing in prolonged geopolitical tension and supply shocks . Wall Street Mixed as AI Stocks Outperform US markets ...