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.
Tariff Shock Pushes Firm Into the Red Electronics manufacturing services provider VS Industry Bhd (KL:VS) slipped into a net loss of RM33 million in 4QFY2025 , compared with a net profit of RM126.6 million a year earlier. Revenue tumbled 29% y-o-y to RM858.8 million from RM1.21 billion, as US reciprocal tariffs triggered sharper-than-expected adjustments from customers. Additional Headwinds Beyond weaker sales, the group’s results were weighed down by: Cost-down pressures from customers Start-up losses at its Philippines operations Impairments on trade receivables and plant & equipment No dividend was declared for the quarter. For the full FY2025, net profit plunged 85% y-o-y to RM36.7 million , while revenue fell nearly 11% to RM3.79 billion from RM4.25 billion. Outlook: Challenging but Improving VS Industry expects operating conditions to remain challenging , with performance tied to consumer senti...