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.
PropertyGuru Group Ltd reported a net loss of S$16.12 million (RM53.6 million) for the second quarter ended June 30, 2024 (2QFY2024), widening from a net loss of S$6.47 million in the same period last year. Despite the increased loss, the company's adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 48% to S$6.82 million from S$4.61 million previously. Key Financial Highlights: Revenue Growth : The company's revenue grew by 10% year-on-year (y-o-y) to S$40.68 million, up from S$36.88 million, driven by improved market conditions in Vietnam and continued strength in Singapore. Marketplaces revenue, which represents a significant portion of total revenue, increased 11% y-o-y to S$39 million. Regional Performance : Malaysia : Revenue rose by 12% y-o-y to S$7.42 million, benefiting from the combined market strength of iProperty and PropertyGuru Malaysia. Singapore : Revenue jumped 16% y-o-y to S$24.97 million, supported by an increase in the numbe...