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.
A new market narrative may be taking shape on Wall Street. After months of dominance by tech megacaps, a dramatic rotation into small caps and lagging sectors kicked off July with energy. While the S&P 500 held steady near its record high, underlying flows told a different story. For investors, the question is clear: Is this the beginning of a longer-term leadership shift—or just another head fake? From Strength to Shuffle: Tech Loses Grip On Tuesday, traders rotated out of high-flying names and into recent underperformers at the fastest pace in over two years . The Russell 2000 index of small caps surged past the Nasdaq 100 , marking the widest performance gap since April. This momentum reversal —where previous winners were sold and laggards bought—caught many off guard. “If you’re long recent winners and feeling the pain, don’t panic yet,” noted Bespoke Investment Group. “One day doesn’t make a trend—but it could be the start o...