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.
Earnings Snapshot Top Glove (KL:TOPGLOV) posted a 31% drop in 3QFY2025 net profit , coming in at RM34.42 million , despite a 30% revenue gain to RM830.25 million . Key reason? A spike in expenses that nearly erased top-line growth. Notably, RM29.72 million in asset sales helped soften the impact. Why Investors Should Be Cautious Operating profit was just RM8.3 million , showing how squeezed margins are. No dividend was declared. Expense pressures persist and the company flagged tariff and trade uncertainty . Stock Movement Outlook This isn’t a value trap, but it’s also not a bargain yet. Top Glove’s fundamentals need to stabilize before becoming investible again. Keep in mind: asset disposals aren’t recurring earnings. MoneyMaster Take — Key Insights: Earnings were propped up by asset sales , not core business growth. Cost inflation remains a headwind for glove producers. No dividend means no near-term yield play .