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.
Regaining Compliance Super Micro Computer (SMCI) saw its stock soar 22% in after-hours trading after finally filing its delayed 10-K report and quarterly reports for September and December. This move allowed the company to regain Nasdaq compliance , preventing a potential delisting. Key Updates from Super Micro’s Financial Filing: Revenue for FY2024 (ended June 30) was 0.3% higher than preliminary reports. Net income revised down by 4.6%. BDO audit confirmed the financial statements are fair , though it flagged internal control weaknesses over financial reporting. Super Micro now meets SEC reporting obligations , officially closing the matter with Nasdaq. Background: Delisting Concerns & Short Seller Allegations Super Micro had delayed its filings in August 2024 after Hindenburg Research alleged accounting issues. Ernst & Young resigned as auditor in October , citing an unwillingness to be associ...