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.
Shares of Asana (ASAN) skyrocketed over 40% on Friday after KeyBanc issued a positive note highlighting the company's AI advancements, stabilizing customer retention, and a promising debut from its new Chief Financial Officer, Sonalee Parekh. Key Takeaways: AI Studio Success : Asana's fiscal Q3 showcased its innovative AI Studio , featuring workflows with integrated AI agents, which has been a standout driver of growth. Operational Discipline : CFO Sonalee Parekh took decisive steps in her debut quarter to improve profit margins by: Leveraging low-cost geographies. Cutting marketing expenses. Focusing on sales efficiency and non-headcount-related savings. Analyst Upgrade : KeyBanc upgraded Asana’s rating from Underweight to Sector Weight , noting untapped potential in cost efficiencies compared to peers. Analyst Commentary: "Benchmarked against peers, Asana has significant opportunities for cost leverage," KeyBanc wrote. The firm also removed its downside price targ...