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.
The FBM KLCI gained 8.62 points or 0.5%, tracking Asian shares' rise as the ringgit strengthened with crude oil. At the 5pm closing bell, the KLCI settled at 1,654.84 points while the ringgit strengthened to 3.9967 against the US dollar. The KLCI and ringgit gained as Asian shares recovered from the immediate impact of the UK's European Union exit (Brexit) decision. In China, the Shanghai Composite rose 1.91%, while Hong Kong's Hang Seng gained 1.27% and Japan's Nikkei 225 climbed 0.6%. Reuters reported that Hong Kong stocks climbed on Monday for a third straight session of gains, as higher commodity prices and hopes of more stimulus measures from Beijing boosted resources shares, and investors built up positions amid ample liquidity in the market. Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. Brent crude futures were trading at ...