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.
Stock Performance CCK Consolidated Holdings Bhd (KL:CCK) fell over 10% to RM1.25 , its lowest level in nine months . Market capitalization now stands at RM819 million . Earnings Miss Triggers Sell-Off Q4 and full-year results failed to meet market expectations , sparking a sharp decline in investor confidence. Weaker-than-expected financial performance in its poultry farming operations likely contributed to the decline. Investor Sentiment & Market Reaction The sharp 15 sen drop reflects growing concerns over earnings pressure in the poultry industry . Investors are waiting for further details on what caused the earnings miss and whether CCK has strategic plans for recovery . Summary: CCK shares plunged over 10% to RM1.25, hitting a nine-month low. Q4 and full-year earnings missed expectations, triggering a sell-off. Investors are cautious as they await further updates on the company’s outlook.