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.
Consensus Estimates Revenue: $10.71B expected (vs. $12.61B a year ago) EPS: $0.12 expected (vs. $0.99 a year ago) Nike has a history of beating EPS estimates in 7 straight quarters , but stock reactions have been negative — it has traded lower after 8 of its last 9 earnings reports . Expert Views Jay Woods (Freedom Capital): Stock is down 66% from 2021 highs . “Things aren’t looking good” — inventories and tariff risks weigh. Suggests waiting for a breakdown near $52 before buying. Tom Nikic (Needham): Maintains Buy , cuts PT to $66 (from $75). Says Street’s FY26 expectations are too high given tariff pressures. Notes turnaround will take time despite leadership changes. Lorraine Hutchinson (BofA Securities): Maintains Buy , PT $80 . Believes Q4 could mark peak pressure on sales/margins. Highlights strong Spring ’26 innovation pipeline and opportunities in wholesale. Other A...