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.
Target Corporation (NYSE: TGT) is set to release its second-quarter earnings on Wednesday before the market opens. Investors are watching closely to see whether improving store visits and digital momentum can offset mounting challenges from tariffs and intensifying competition. Earnings Snapshot: Revenue Estimate : $24.93 billion (vs. $25.45 billion YoY) EPS Estimate : $2.05 (vs. $2.57 YoY) Historical Performance : Missed in Q1; 6/10 beat on revenue, 7/10 on EPS Analyst Sentiment: Cautious Bank of America : Downgraded to Underperform , PT cut to $93 → Concerned about digital slowdown, margin pressure, and tariff exposure (50% of COGS from imports) Telsey Advisory : Maintains Market Perform , PT $110 Truist : Hold , PT raised to $107 Evercore ISI : In-Line , PT raised to $108 Key Themes to Watch: Store Visits : Q2 traffic down 3.1% YoY, but recovering from Q1’s -4.1% Digital Sales : Strong Q1 digital growth, particularly in same-day d...