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.
The solar photovoltaic (PV) sector in Malaysia shows strong long-term potential despite subdued recent earnings . Analysts remain confident about the industry's outlook, driven by government initiatives , an expanding order book, and growing adoption of renewable energy. Key Highlights Earnings Snapshot Solarvest Holdings Bhd (KL:SLVEST) : 2QFY2025 net profit rose 28% to RM9.2 million , compared to RM7.2 million a year ago. First-half earnings reached RM17 million, aligning with expectations of RM41 million full-year profit . Order book surged from RM469 million to RM961 million , suggesting stronger performance in the second half. Samaiden Group Bhd (KL:SAMAIDEN) : 1QFY2025 net profit increased 12.7% to RM3.34 million , compared to RM2.96 million a year ago. Order book rose from RM315 million to RM521 million , positioning it for growth in 2HFY2025 . Challenges for Others : Sunview Group Bhd struggled to convert contracts into revenue, while Reservoir Link Energy Bhd reported...