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.
Consensus Estimates Revenue: $10.71B expected (vs. $12.61B a year ago) EPS: $0.12 expected (vs. $0.99 a year ago) Nike has a history of beating EPS estimates in 7 straight quarters , but stock reactions have been negative — it has traded lower after 8 of its last 9 earnings reports . Expert Views Jay Woods (Freedom Capital): Stock is down 66% from 2021 highs . “Things aren’t looking good” — inventories and tariff risks weigh. Suggests waiting for a breakdown near $52 before buying. Tom Nikic (Needham): Maintains Buy , cuts PT to $66 (from $75). Says Street’s FY26 expectations are too high given tariff pressures. Notes turnaround will take time despite leadership changes. Lorraine Hutchinson (BofA Securities): Maintains Buy , PT $80 . Believes Q4 could mark peak pressure on sales/margins. Highlights strong Spring ’26 innovation pipeline and opportunities in wholesale. Other A...