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Market Daily Report: Bursa Malaysia Ends Higher On Positive Sentiment, CI Up 0.83 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said. Add to that, Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is poised to encourage domestic spending and investment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.47 points, or 0.83 per cent, to close at its intraday high of 1,634.17, compared to Tuesday’s close of 1,620.70. The benchmark index opened 3.71 points higher at 1,624.41 and subsequently hit a low of 1,623.52 in early trade before trending upwards toward the closing session. Market breadth was positive, with advancers trumping decliners 849 to 352, while 428 counters were unchanged, 765 untraded, and nine suspended. Turnover expanded to 3.39 billion units
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US Equity Funds See Largest Weekly Outflow in Five Weeks


Investors withdrew a net US$5.83 billion (RM25.46 billion) from US equity funds in the week leading up to Oct 30, marking the most significant outflow since late September. This retreat was likely fueled by market caution ahead of the US presidential election and the Federal Reserve's policy announcement scheduled for Wednesday.

Key Highlights:

  • Growth and Value Fund Selloffs: US growth funds experienced a US$4.06 billion net outflow, the largest since early October, while value funds saw US$2.19 billion in outflows.
  • Sector-specific Flows:
    • Outflows: Industrial (US$779 million), gold and precious metals (US$392 million), and healthcare sectors (US$278 million).
    • Inflows: Consumer discretionary sector attracted a net US$478 million.
  • Bond Fund Inflows: US bond funds recorded inflows for the 22nd consecutive week, with US$7.37 billion invested. Short-to-intermediate investment-grade funds gained US$3.18 billion.
  • Money Market Fund Activity: US money market funds saw net sales of US$5.7 billion, following approximately US$30 billion in net purchases the previous week.

The data reflects heightened market caution as major political and economic events loom, with investors favoring safer fixed-income investments.

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