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 Takeaways Stargate UK project: Nvidia and OpenAI to support UK’s sovereign AI hub with Nscale Global Holdings. Massive investment: UK’s northeast “AI Growth Zone” expected to attract £30B private capital , including £10B from Blackstone . Infrastructure scale: First phase to deploy 8,000 GPUs , expandable to 31,000 units from 2026. Jobs impact: Project expected to create 5,000+ jobs in Blyth and Cobalt Park data center hubs. Project Overview The UK government announced the launch of Stargate UK , a strategic initiative to build sovereign AI infrastructure. The platform will enable OpenAI’s technology to run on local servers , reducing reliance on overseas data centers and reinforcing national tech autonomy. The initiative is backed by US-UK tech collaboration, with Nvidia (NVDA US) providing GPU hardware and OpenAI supplying its AI models. Data center operator Nscale Global Ho...