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.
Bursa Malaysia wrapped up 2024 with 55 initial public offerings (IPOs) , marking a 72% increase compared to the 32 IPOs in 2023. This milestone represents the highest number of listings in 19 years , solidifying Bursa's position as a leader among Asean exchanges in terms of IPO numbers and funds raised. Key Highlights Strong IPO Momentum : 11 Main Market listings (up from 7 in 2023) 40 ACE Market listings (up from 24 in 2023) 4 LEAP Market listings (up from 1 in 2023) Capital Raised : RM7.42 billion in total proceeds, a 107% increase from 2023. Market capitalisation of RM31.37 billion , a 130% rise compared to 2023. Top IPOs : The five largest IPOs contributed RM20.32 billion in market capitalisation, led by companies such as 99 Speed Mart Retail Holdings , Johor Plantations Group , Alpha IVF Group , and Prolintas Infra Business Trust . Leadership Comments CEO Da...