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.
The year 2024 was marked by transformative shifts in global financial markets , with standout performances from Bitcoin , U.S. equities , and gold , while other assets, like crude oil, faced challenges. Key Market Highlights 1. Bitcoin’s 136% Surge: A Digital Gold Rush Performance : Bitcoin soared 136.88% , becoming the top-performing asset of 2024 . Drivers : Institutional Investment : Increased adoption for its inflation-hedging properties . Bitcoin ETFs : Approval in the U.S. improved liquidity and accessibility. Technological Advancements : Lightning Network upgrades attracted long-term investors. Trump’s Re-Election : Analysts expect lenient crypto policies , including potential tax reductions and compatibility initiatives with the U.S. dollar. Outlook : Analysts warn of potential regulatory scrutiny in 2025 , but Bitcoin’s appeal may strengthen if inflationary pressures persist globally. 2. U.S. Equities Soar on Tech Leadership...