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.
Key Takeaway: Malaysia’s IPO market outperformed Southeast Asia in 2024, achieving the highest listings, funds raised, and market capitalisation . Malaysia has cemented its position as the regional IPO leader , with 46 listings as of Nov 15, surpassing last year’s 32 and exceeding Bursa Malaysia’s target of 42 listings . This marks the highest number of IPOs since 2006. Key Highlights: Record-Breaking Fundraising: Total funds raised reached US$1.5 billion (RM6.7 billion) , the highest since 2017 . Market capitalisation hit US$6.6 billion (RM30 billion) , doubling 2023’s figure and the highest since 2013 . ACE Market Dominates: The ACE Market recorded 34 listings , the highest since its inception in 2009. Sectors leading the listings include: Industrial products (17) Consumer (16) Technology, media, and communications (4) Energy and resources (4) Life sciences and healthcare Investor Confidence: IPOs saw oversubscription rates exceeding 200 times , driven by foreign investor particip...