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.
As 2024 draws to a close, the financial world reflects on a year of unprecedented market activity and transformative global events. The U.S. stock market soared for a second consecutive bullish year, while Bitcoin and Nvidia dominated headlines with record-breaking performances. Meanwhile, shifts in macroeconomic policies and geopolitical tensions shaped asset class movements globally. Here are the defining moments of 2024: Trump and Musk’s Influence on Markets The U.S. election, heralding Donald Trump’s return to the presidency, was the year’s most impactful financial event . Trump's victory fueled market volatility and unprecedented gains in Trump-affiliated stocks, including Trump Media & Technology and Tesla , the latter skyrocketing over 75% post-election . With Elon Musk appointed to head the “Department of Government Efficiency,” his influence extended beyond technology, reshaping U.S. policies on energy and infrastructure. Bitcoin’s Meteoric Ris...