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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

Malaysia Weekly Highlights

MAHATHIR & Co: "THE CITIZENS DECLARATION" Four days after quitting UMNO, Tun Dr Mahathir Mohamad sat with his old political allies and foes at a packed press conference last Friday to get the people's support to sign a declaration seeking Najib's removal. The Citizens' Declaration This sounds a lot like "Avengers" in real life...haha!! Well, Mahathir is definitely no angel himself but it's interesting to see how this will eventually turn out. Anyway, among those present were Selangor Menteri Besar, Datuk Seri Mohamed Azmin Ali, DAP parliamentary chief Lim Kit Siang, former deputy minister Tan Sri Muhyiddin Yassin and former MCA president, Tun Dr Ling Liong Sik. 58 individuals called "The Citizens Declaration" that day. The former and longest Malaysia's prime minister, Tun Dr Mahathir said Najib's removal from office must be through "non-violent legally permissible means." Asked if his collaboration with...