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 the holiday season nears, Palantir Technologies (PLTR) has emerged as the best-performing stock in the S&P 500 this November, while Celanese Corp (CE) has taken the bottom spot, according to Dow Jones Market Data. Palantir’s Stellar Performance November Gains: Shares of Palantir have surged 49% , on track for their best monthly performance since February. Key Drivers: Q3 Earnings: On Nov. 5, the stock soared 23% after posting better-than-expected Q3 results and raising annual guidance. AI Momentum: The company’s artificial intelligence capabilities continue to drive investor excitement. Index Milestone: Palantir’s inclusion in the S&P 500 in September has added to its momentum. Market Move: Palantir will transfer its stock to the Nasdaq Global Select Market on Nov. 26, moving from the NYSE. Year-to-Date Performance: The stock has skyrocketed 262% , setting it up for its best year on record. Celanese’s Struggles November Losses: Celanese shares have dropped 42% , ...