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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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Today’s Pre-Market Movers and Top Ratings

📈 Gapping Up

  1. Pfizer (PFE)

    • +2.9%
    • Pfizer expects its 2025 profits to align with expectations as it focuses on cost control and debt reductionthrough the sale of non-core assets, rebuilding post COVID-19 sales slump.

  2. Coinbase (COIN) & MicroStrategy (MSTR)

    • COIN: +0.8% | MSTR: +0.7%
    • Crypto stocks rally on Bitcoin surpassing $107,000, reflecting strong investor sentiment in the crypto market.

  3. SolarEdge Technologies (SEDG)

    • +13%
    • Upgraded by Goldman Sachs to ‘Buy’ from ‘Sell’, citing 2025 as a turnaround year for the solar energy firm.

📉 Gapping Down

  1. NVIDIA (NVDA)

    • -1.6%
    • Shares continue to slide, entering correction territory, as recent momentum in chip stocks cools.

  2. Affirm Holdings (AFRM)

    • -3.7%
    • Shares fell after announcing a $750 million private note offering and plans to repurchase up to $300 million in common stock.
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