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.
GE Vernova (GEV) surged over 15% intraday to a record $633.72 after posting a solid Q2 earnings beat and signaling a stronger full-year revenue outlook . The company, a spinoff from General Electric, is showing impressive broad-based growth across its energy-focused segments. Q2 Financial Highlights EPS: $1.86 vs. $1.76 expected Down from $4.65 YoY (due to one-off prior-year gains) Revenue: $9.11B (+11% YoY) vs. $8.81B expected Orders: $12.4B (+4% organic) Backlog: +$5.2B sequentially Segment Performance Segment Q2 Revenue YoY Growth Power $4.76B +6.8% Wind $2.25B +8.9% Electrification $2.20B +23.0% The electrification segment stands out with 23% revenue growth , reflecting growing demand for grid modernization and clean energy infrastructure. Outlook Full-year guidance unchanged : $36B–$37B revenue Management now expects to land toward the higher end of the range Inve...