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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: FBM KLCI down as investors take cue from Malaysian corporate results



KUALA LUMPUR (May 22): The FBM KLCI fell 8.55 points or 0.5% as investors took cue from Malaysian corporate financial results during the current reporting season.

These include financial results from KLCI-linked companies Telekom Malaysia Bhd (TM) and Petronas Chemicals Group Bhd.

At 5pm, the KLCI closed at 1,845.03 points. TM dropped 50 sen to RM4.20 while Petronas Chemicals fell 27 sen to RM8.43.

Public Investment Bank Bhd head of research Ching Weng Jin told theedgemarkets.com: "Investors are now closely monitoring the delivery of promises by the new (Malaysian) government, and the delivery of results by the corporates."

Across Bursa Malaysia, volume stood at 2.36 billion shares worth RM2.74 billion. Top decliners included TM, Tenaga Nasional Bhd and Petronas Chemicals.

The most-active stocks included YTL Power International Bhd, which saw some 63 million shares traded. YTL Power closed 4.5 sen lower at 77.5 sen.


Source: The Edge
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