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.
Bitcoin Drops Below $90K, Crypto Stocks Follow Bitcoin fell 3.9% to $87,903 on Tuesday , touching a three-month low of $86,050.99 . MicroStrategy (MSTR) dropped 11%, Coinbase (COIN) fell 6.4%, and Robinhood (HOOD) declined 8% , reflecting the crypto market downturn. MicroStrategy's Latest Bitcoin Purchase Loses Value MicroStrategy bought 20,356 BTC for $1.99 billion last week at an average price of $97,514 per Bitcoin. With BTC now below $88K, this investment has already lost around $200 million in value. Despite this short-term drop, MicroStrategy's overall Bitcoin holdings (499,096 BTC) were acquired at an average of $66,357 per coin , still well below the current price . Company’s Bitcoin holdings were worth $50 billion last Friday, now down to $44 billion. Market Volatility & Investor Impact The crypto selloff highlights Bitcoin’s volatility and its impact on crypto-related stocks. Crypto stocks like MicroStrategy, Coinbase, and Robinhood remain hi...