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.
From AI megaprojects and oversubscribed rights issues to winding-up petitions and delistings, here's your quickfire roundup of Malaysia’s corporate movers: YTL Power’s RM10B AI Mega Move YTL Power International has made a massive RM10 billion investment into AI and data infrastructure , hosting top-tier GPU chips (including Nvidia’s ultra-fast GB200 Blackwell) in what it claims is one of the world’s largest data centre parks . The company is urging local firms to plug into its AI ecosystem to future-proof their growth. Investor Insight: YTL Power is aggressively positioning itself as Malaysia’s AI backbone. Watch this space. Binastra Wins RM405M Deal in Bukit Jalil Binastra Corp bagged another RM405 million residential contract from Exsim Jalil Link for a 1,004-unit project. Notably, this is a related party transaction , as its MD and ED hold stakes in Exsim. Timeline: 41 months from project start Project Name: The Queenswoodz...