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.
Wall Street closed higher after Trump unveiled a reciprocal tariff plan , boosting tech stocks like Nvidia, Apple, and Tesla. Meanwhile, Malaysia’s FBM KLCI dropped 0.67% below the key 1,600-point level as market caution persisted. 📊 Wall Street Highlights 🔹 S&P 500: 6,115.07 (+1.04%) 🔹 Dow Jones: 44,711.43 (+0.77%) 🔹 Nasdaq Composite: 19,945.46 (+1.50%) 📌 Key Movers: Intel (INTC): +7%, highest close YTD. Nvidia (NVDA): Gained as HP Enterprise shipped Nvidia’s Blackwell AI system; earnings on Feb 26. Robinhood (HOOD): +14% after earnings doubled estimates; revenue surged 115% y-o-y. Tesla (TSLA): +5% on news of a $400M State Dept. budget for armored Cybertrucks. 📌 Tariff Impact: Trump’s plan aims for reciprocal tariffs , creating both optimism and caution in global markets. 🇲🇾 Bursa Malaysia Market Insight 🔹 FBM KLCI: 1,592.28 (-0.6...