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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.

SG Morning Highlights: Elite UK Reit Outperforms with £3.3M Hilden House Sale

Here are the top updates for Singapore's markets today: Market Snapshot Singapore shares  opened higher; the  STI  rose  0.34%  to  3724.87  at 9:02 am. Advancers/Decliners :  66/102 , with  S$353.21M  worth of securities traded. Breaking News HDB Rentals : Demand surged in  late 2024  due to increased HDB launches but is expected to weaken by  2025 . Projected  2024 rent increase: 4% , with  7,000 units  available for subletting in 2025. Mobile Gaming Marketing Trends : Singapore allocates  20% of budgets  to  APAC , prioritizing  North America (37%)  and  Europe (28%) . Emerging markets like  Latin America  and  North Africa  are gaining traction. Stocks to Watch SingPost (S08.SG) : In  exclusive negotiations  to sell its Australian operations, which reported a  44% revenue increase  (S$574.8M) for H1 2024. Shares closed up  0.9% ...