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.
Asian share markets showed mixed performance on Monday, as China’s continued rally contrasted with a sharp drop in Japan's Nikkei . Geopolitical tensions in the Middle East and concerns over Japan’s interest rate policies weighed on investor sentiment. China’s blue-chip CSI 300 Index climbed another 3.0% , adding to last week's impressive 16% surge , while the Shanghai Composite rose 4.4% , continuing its upward momentum. This extended rally was fueled by Beijing's aggressive stimulus measures , including mortgage rate cuts and liquidity support, designed to combat the country’s economic downturn. Meanwhile, the Nikkei tumbled 4.1% amid investor uncertainty over new Prime Minister Shigeru Ishiba’s stance on monetary policy . While Ishiba had previously criticized the Bank of Japan’s (BOJ) easy policies , he adopted a more conciliatory tone over the weekend, stating that monetary policy must remain accommodative given the current state of Japan’s economy. This he...