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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.
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Market Daily Report [09 Nov 2015]

It's a strange day for Bursa Malaysia today as FBM KLCI opened weaker but managed to climb at the 11th hour to close at 1,686.11. The index erased losses from its intraday low of 1,680.79. 

FBM KLCI closed slightly higher at 1,686.11
 
This is amid a weaker ringgit at 4.3763 against the US dollar.  The US dollar is strengthened after a convincing data on the US employment rate last week as the data is pointing towards a potential US interest rate hike in December by Fed. 

In the country, the weaker Ringgit directed the focus and spotlight on the export-based companies. 

Across Bursa Malaysia, there were 434 gainers versus 469 decliners. The exchange saw 2.1 billion shares worth RM1.7 billion traded.

TOP 3 ACTIVE counters
Bumi Armada Bhd is the most actively traded counter for the day, due to the rumour of the MISC FPSO merger. The counter closed at 1.11, 0.115 higher than Friday.

TOP 3 GAINER for the day

Kuala Lumpur Kepong Bhd has the honor to be the top gainer for the day, with an increase of 40 cents to 23.40, followed by Top Glove that continued its' momentum with another 32 cents increase to close at 9.72. 

Nestle was the TOP LOSER with a drop of 66 cents
Nestle (M) Bhd was the biggest decliner with a drop of 66 cents to close at 72.40. 

Bursa Malaysia will be closed for the Deepavali holiday tomorrow and trading will resume on Wednesday (11/11/2015).


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