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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.
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Trump Revives Tariff War: US Launches Trade Probes Targeting China, EU — Malaysia & Singapore Included

The  US  has  kicked  off  sweeping  trade  investigations  that  could  pave  the  way  for  new  tariffs,  putting  China,  the  European  Union —  and  key  Southeast  Asian  economies  including  Malaysia  and  Singapore —  directly  in  focus. US  Launches  Section 301  Trade  Investigations Office of the United States Trade Representative  ( USTR),  led  by  Jamieson Greer ,  announced  probes  under  Section 301  of  the  Trade  Act ,  targeting  alleged  excess  manufacturing  capacity. Major  economies  under  investigation  include: China European Union Japan South Korea Taiwan India Mexico Southeast  Asia  is  also  in  the  crosshairs: Malaysia Singapore Vietnam Tha...
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Malaysian Exporters Hit Pause on US Shipments Amid Tariff Chaos

Uncertainty over new US tariffs has prompted some Malaysian exporters to temporarily halt shipments , particularly in sectors like  furniture, petroleum products, and electronics parts . The confusion stems from a lack of clarity on the  exact tariff rates and administrative procedures , leaving both exporters and US importers in limbo. Shipments Stalled Furniture exporters  say US buyers asked them to  hold off  until the financial impact is clearer. Petroleum product exporters  echoed the same, awaiting customer guidance. Exporters fear goods will be stranded at US ports if tariffs aren't properly processed or paid. “The situation is chaotic. Even US importers don’t know what to pay,” one exporter said. Key Export Numbers: Manufactured goods = 85%  of Malaysia’s total exports (RM1.6 trillion in 2025). US exports grew from  RM98.8b (2018–2020)  to  RM159.9b (2021–2023) . Electrical & Electronics (E&E)  products make up 60% ...
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Hap Seng Plantations’ 4Q Net Profit Surges 4x on Higher CPO Prices and Sales

  Financial Performance & Growth Drivers Hap Seng Plantations Holdings Bhd (HSPLANT) posted a net profit of RM85.01 million in 4QFY2024 , a  fourfold increase from RM20.69 million a year earlier . The sharp profit growth was  driven by higher crude palm oil (CPO) and palm kernel (PK) selling prices, as well as increased CPO sales volume . Fair value adjustments of biological assets contributed RM24.4 million in gains , compared to a  RM21.1 million loss in 4QFY2023 . Revenue & Dividend 4Q revenue surged 33.7% YoY to RM223.37 million from RM174.56 million . CPO prices rose 26.1%, while PK prices jumped 66.3% . CPO sales volume grew 4% , though  PK sales declined 7% due to a lower kernel extraction rate . FY2024 net profit more than doubled to RM204.64 million , while  revenue increased 12.7% to RM752.45 million . Declared a second interim dividend of 11 sen per share , bringing  total FY2024 dividends to 12.5 sen , up from  6.8 sen in FY202...
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