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 fell 1.49 points or 0.1% despite the steel counters rally. The decline was in line with Asian stock markets that sank on Monday. FBM KLCI down slightly As at 5pm today, the KLCI closed at 1,669.5 points. The decline was even worse at 1,665.41 before a slight rebound towards closing. Across Bursa Malaysia, 1.64 billion shares valued at RM1.57 billion were traded. There were 324 gainers and 484 decliners. Reuters reported that the decline was likely after last week's gain as investors shifted their attention from central banks to the much anticipated US presidential debate. Today, Japan's Nikkei 225 dipped 1.25% while Hong Kong's Hang Seng fell 1.56%. For Bursa Malaysia, the top gainer was Hong Leong Bank Bhd while the top decliner was DKSH Holdings (M) Bhd. The most active counter was Hiap Teck Ventures Bhd.