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.
India’s quick-commerce champions are riding a bullish wave , with Swiggy and Eternal Ltd. outpacing benchmarks and regional peers over the past month, supported by strengthening fundamentals, first-mover advantages, and improving investor sentiment . Stock Scorecard (Past 30 Days): Swiggy Ltd. +20% 🚀 Eternal Ltd. +11% Nifty 100 < trailing behind China’s Meituan & JD.com ↓ $70B market cap loss since March What’s Fueling the Surge? Profitability Now in Sight After aggressive expansion and deep discounting, key players like Swiggy’s Instamart and Eternal’s Blinkit are now scaling back on costs and zeroing in on monetization. Analysts say losses may have already peaked . First-Mover Advantage Still Intact Despite heavyweight entrants like Amazon and Flipkart, incumbents control 88% of India’s quick-commerce market, with dense networks of “dark stores” and optimized delivery logistics. Shift in ...