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.
What to Expect from Sea’s Performance on March 4 Sea Limited (SE) is set to announce Q4 2024 financial results before the market opens on March 4 (ET). Analysts expect revenue of $464 million , reflecting a 28.42% YoY increase , and earnings per share (EPS) of $0.435 . Sea’s stock has surged nearly 20% YTD, following a 160% gain last year . Shopee: E-Commerce Growth & Market Expansion Shopee remains a key growth driver , benefiting from: Expanding market leadership amid potential slowdown in social commerce in ASEAN . Investment in logistics to sustain long-term growth. Continued investment in Brazil to strengthen market presence. J.P. Morgan expects Shopee to leverage network effects for sustained growth and has raised its FY26E GMV forecast by 4%. However, intensifying competition from regional and global players could impact short-term performance. SeaMoney: Digital Finance Expan...