KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
Quick Summary Spotify Technology shares surged after the company beat earnings expectations, delivered stronger margins, and added more premium subscribers than forecast , easing fears after months of stock underperformance. What Drove the Rally Shares jumped ~12% premarket after results Earnings: €4.43 per share vs €2.74 expected Revenue: €4.53bn, +7% YoY , slightly above estimates Gross margin: 33.1% , beating forecasts Wall Street reaction: Profitability matters again — not just growth. Subscriber Growth Still Solid +9 million premium subscribers added in Q4 Growth beat analyst expectations despite recent price hikes Analysts now expect ~289 million premium users Key takeaway: Price increases are not (yet) driving users away. Guidance: Confident, Not Flashy For the current quarter, Spotify expects: Revenue: €4.5bn (slightly below consensus €4.58bn) Gross margin: 32.8% , above mark...