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.
Tanco Holdings Bhd’s sharp correction has erased nearly RM5 billion in market value , but the more important question for investors is not just why it fell, but: "Why did the market price it so highly in the first place?" From Momentum to Reality Check Tanco Holdings Bhd had surged more than 50% in 2026 prior to the selloff, briefly pushing its valuation above peers like Sime Darby Property Bhd . Such a sharp re-rating typically reflects: Strong market narratives or expectations Anticipation of corporate developments or value unlocking Heavy momentum-driven participation from retail and traders The Core Investment Insight The recent decline suggests the earlier rally may have been driven more by: Positioning and sentiment , rather than Fundamental earnings visibility When expectations rise faster than fundamentals, the downside can be equally aggressive once: News flow fails to materialise Or uncertainty increases Why This Matt...