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.
LKQ Corp. stock plunged 17.8% , making it the worst-performing stock in the S&P 500 on Thursday , after the automotive parts and services provider delivered disappointing earnings and slashed its 2025 outlook . Key Financial Results: Adjusted EPS : 87 cents – Missed estimates of 92 cents – Down 11% year-over-year Revenue : $3.64 billion – Slightly beat expectations of $3.62 billion Parts & Services Comparable Revenue : -3.4% vs. Q2 2024 2025 Outlook Cut: New EPS Guidance : $3.00–$3.30 – Previously: $3.40–$3.70 Organic Revenue Forecast for Parts & Services : – Now expected to decline 1.5% to 3.5% – Previously forecasted as flat to +2% What’s Dragging LKQ Down? Fewer vehicle repairs due to: Higher insurance deductibles Declining used car prices Increased repair costs Lower insurance coverage rates Economic slowdown in Europe Tariff uncertainty in North America These factors have reduced the num...