KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
Quick Summary Microsoft sinks on Azure growth concerns Meta rallies on strong earnings and AI confidence AI capex expectations are reshaping valuations Guidance matters more than headline beats A volatile Wall Street session saw Big Tech earnings dominate market moves , with a sharp sell-off in Microsoft dragging the Nasdaq lower, even as peers like Meta Platforms and IBM rallied strongly. What’s Driving the Market Nasdaq fell over 2% , led by a steep Microsoft decline Investors punished slowing cloud growth , despite earnings beats AI spending remains a key theme , but expectations are rising even faster Biggest Stock Movers Microsoft (MSFT) -11% , despite beating earnings and revenue estimates Azure growth slowed to 39% , with Q3 guidance below expectations Key concern: Cloud momentum may be peaking Meta Platforms (META) +7.8% after beating Q4 earnings and revenue 2026 capex could reach US$135B , nearly double last year Marke...