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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 States Heighten Security Amid Concerns of Election-Related Unrest

Amid high political tensions, US states are bolstering security for the presidential election between Donald Trump and Kamala Harris, with measures including fences, drones, and National Guard deployments to prevent potential violence.

Key Security Measures:

  • Nevada: A security fence now encircles Las Vegas' vote tabulation center, with 60 National Guard members on standby.

  • Arizona: Maricopa County has added a fence around its tabulation center, with police drones and snipers on alert. Schools and churches are opting out of serving as polling locations due to safety concerns.

  • Michigan: In Detroit, metal detectors and police patrols, including rooftop surveillance, are stationed at the ballot-counting site.

  • Additional States: Oregon and Washington have activated the National Guard. In Washington, DC, storefronts have been boarded up as a precaution.

In response to fears of post-election violence, community groups are also taking proactive steps. In Arizona, a bipartisan committee is prepared to counter misinformation and ease tensions through community leaders and faith networks.

Experts note that potential unrest could be dispersed across various locations, posing a unique challenge for law enforcement compared to prior incidents like the Capitol attack in 2021.

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