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 Takeaway: Hextar Global's 3QFY2024 net profit surged 28% , driven by growth in its specialty-chemicals segment and expectations of rising herbicide prices . Hextar Global Bhd posted a net profit of RM19.7 million for 3QFY2024, up from RM15.39 million in the same quarter last year. Revenue climbed 38.27% to RM252.96 million , boosted by the specialty-chemicals and newly acquired fruits segments. Highlights: Segment Performance: Specialty-Chemicals: Key driver of growth, offsetting weaker margins in agriculture. Agriculture Segment: Anticipates stabilization and positive upward price movement in herbicides soon. Fruits Segment: Contributed RM154.1 million during the durian season. Dividend Declaration: Hextar proposed a second interim single-tier dividend of 0.8 sen per share . Year-to-Date Growth: Net profit for the first nine months surged 46.97% to RM51.01 million . Revenue jumped 53.39% to RM698.19 million compared to the previous year. Expansion Plans: Strengthenin...