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.
KUALA LUMPUR (Dec 11): The FBM KLCI closed 1.78 points or 0.1% lower as European funds sold Malaysian shares and as investors looked ahead to crucial Malaysian economic and industrial data.
Tomorrow, Malaysia's Statistics Department will announce the nation's October industrial output numbers. The Malaysian Palm Oil Board is also scheduled to announce the industry's November output and inventory data.
At 5pm today, the KLCI settled at 1,719.47 points. "We heard from brokers that some European funds were selling in the afternoon today. It was just normal portfolio adjustment," Areca Capital Sdn Bhd chief executive officer Danny Wong told theedgemarkets.com.
Across Bursa Malaysia, there were 410 gainers versus 398 decliners.
A total of 1.65 billion shares were traded for RM1.97 billion.
Malaysian shares had bucked Asian shares' rise. Japan's Nikkei 225 climbed 0.56% while Hong Kong's Hang Seng rose 1.14%.
Earlier today, Reuters reported that Asian shares were buoyant following strong US payrolls data and better-than-expected Chinese trade figures on Friday.
Source: The Edge
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