KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Rolls-Royce (UK:RR) extended its remarkable rally on Thursday, raising its underlying operating profit guidance to a midpoint of £3.15B (from £2.8B) and upgrading free cash flow expectations. Shares of the British engine maker surged 9% to a fresh all-time high, with its five-year return now averaging 64% annually, second only to Nvidia’s (NVDA.US) 76% among major global names.
Key Drivers:
Civil Aviation: “Strong” large engine aftermarket demand continues to power recovery in aviation.
Power Systems: Boosted by data center expansion and government contracts.
Military Demand: Stable defense business providing earnings resilience.
Analyst Expectations:
Street consensus had forecast £2.87B underlying operating profit.
Free cash flow is now expected to exceed prior guidance.
Market Context:
Rolls-Royce has been one of the UK market’s standout performers, benefiting from post-pandemic aviation recovery and growth in mission-critical power systems.
The company’s consistent upgrades mirror Nvidia’s AI-fueled rise, prompting some analysts to dub it “Britain’s answer to Nvidia” due to its outsized returns and strong fundamentals.
Takeaway:
Rolls-Royce’s upgraded outlook underscores its successful turnaround and positioning in high-demand sectors like aviation, defense, and power infrastructure. The continued momentum places the stock firmly among Europe’s top industrial plays of 2025.
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