KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Key Takeaways: Q2 beat, Q3 miss : Dell’s Q2 earnings of $2.32/share topped consensus ($2.29), but Q3 EPS guidance of $2.45/share midpoint fell short of expectations ($2.55). Revenue momentum : Q2 revenue rose to $29.78 billion , ahead of estimates ($29.0 billion), reflecting resilience in PC and server demand. Market reaction : Shares slipped 4.4% after-hours , as investors focused on weaker earnings guidance despite a headline beat. Sector context : The miss highlights ongoing margin pressures in the PC and server industry, even as peers such as HP Inc (+4.57%) and Microsoft (+0.57%) trade higher on AI-driven optimism. Results Breakdown Q2 Earnings : Adjusted EPS: $2.32 vs. $2.29 expected. Revenue: $29.78B vs. $29.0B expected. Q3 Guidance : EPS: $2.45 (midpoint) vs. $2.55 expected. Revenue outlook not disclosed in detail but implied softer margins. Market and Investor Sentiment The results illustrate a classic “be...