KUALA LUMPUR, Feb 11 (Bernama) -- Bursa Malaysia ended higher today as buying on selected blue chips continued, said a brokerage. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.85 points or 0.51 per cent to 1,756.39 from Tuesday’s close of 1,747.54. The barometer index opened 3.69 points higher at 1,751.23 before moving as low as 1,745.51 in early trade to as high as 1,757.15 during the mid-afternoon session. Market breadth was positive with gainers leading losers 575 to 474, while 549 counters were unchanged, 1,087 untraded and 11 suspended. Turnover expanded to 2.55 billion units valued at RM3.06 billion from yesterday’s 2.19 billion units valued at RM2.35 billion.
📈 Gapping Up
Pfizer (PFE)
- +2.9%
- Pfizer expects its 2025 profits to align with expectations as it focuses on cost control and debt reductionthrough the sale of non-core assets, rebuilding post COVID-19 sales slump.
Coinbase (COIN) & MicroStrategy (MSTR)
- COIN: +0.8% | MSTR: +0.7%
- Crypto stocks rally on Bitcoin surpassing $107,000, reflecting strong investor sentiment in the crypto market.
SolarEdge Technologies (SEDG)
- +13%
- Upgraded by Goldman Sachs to ‘Buy’ from ‘Sell’, citing 2025 as a turnaround year for the solar energy firm.
📉 Gapping Down
NVIDIA (NVDA)
- -1.6%
- Shares continue to slide, entering correction territory, as recent momentum in chip stocks cools.
Affirm Holdings (AFRM)
- -3.7%
- Shares fell after announcing a $750 million private note offering and plans to repurchase up to $300 million in common stock.
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