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.
Haidilao International Holding Ltd (6862.HK) shares fell as much as 6.5% in Hong Kong , the sharpest intraday drop since April, after China’s largest hotpot chain reported a second straight half-year revenue decline. Earnings Snapshot Revenue : ¥20.7B (▼3.7% YoY), in line with consensus. Net Income : ¥1.76B (▼14% YoY). Store Count : Self-operated restaurants fell to 1,322 from 1,343 a year earlier as the group continued to shut underperforming outlets. Table Turnover : Dropped 9.5% YoY , underscoring demand pressure. Key Headwinds Weak Macro & Frugal Consumers : Slowing economic growth in China is weighing on discretionary spending, particularly at premium chains like Haidilao. Price War in Food Delivery : Intense promotions — ¥1 drinks, free delivery, flash discounts — are pulling traffic away from dine-in restaurants. Competition in Catering : Increased rivalry across China’s F&B sector continues to erode Haidilao’s traffic base. Street Commentary...