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.
Vietnamese electric vehicle (EV) manufacturer VinFast reported a net loss of US$550 million (RM2.45 billion) for the third quarter, a significant improvement from the previous year, driven by lower material costs and increased production. Key Highlights: Production and Deliveries: VinFast delivered 44,773 cars in the first nine months of 2024, achieving more than 55% of its 80,000-vehicle annual target. About 20% of these deliveries were to related parties. Strong Q3 Momentum: The company posted third-quarter deliveries of 21,912 vehicles , supported by robust domestic demand for mid-sized EVs. VinFast Chairwoman Thuy Le affirmed that “momentum in Q3 has continued into Q4,” and the company remains on track to meet its annual target. North American Expansion: VinFast reported record-breaking operations in North America in September, fueled by an expanding dealer network. However...