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.
The coming week is packed with market-moving events as Wall Street watches earnings from major tech players, the Federal Reserve's policy meeting, and renewed U.S.-China trade negotiations. Key Earnings to Watch: Meta Platforms (META) – Expected to post its slowest sales growth in two years. AI-enhanced ad targeting supports revenue, but margins may face pressure from heavy AI investments. Microsoft (MSFT) – Projected 14% revenue growth driven by cloud and AI. Investors are keen to see if Azure can sustain near 30% growth amid a recent cyberattack. Apple (AAPL) – Analysts expect Greater China sales to rebound after two years, boosted by promotions. Services revenue is forecast to notch an eighth straight quarter of double-digit growth. Concerns remain over iPhone demand amid tariff headwinds and AI delays. Amazon (AMZN) – Retail remains resilient under tariff pressure. Cloud revenue is expected to grow over 5% sequentially, with continued investment in AI and aut...