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.
Approaching a Milestone Ether ( ETHUSD ) is just 3% shy of its all-time high of $4,865.81 from November 2021, riding the coattails of Bitcoin’s repeated record peaks this year. As of Wednesday, ether traded around $4,715 , up 29% in the past five days and 41.9% year-to-date . By contrast, Bitcoin ( BTCUSD ) hovered near $122,536 , just below its $123,165.67 record, with gains of 6.3% over five days and 31.2% YTD . Fueling the Rally Both cryptos are benefitting from: Risk-on sentiment following an in-line U.S. inflation report , which boosted market expectations for a September Fed rate cut (91.8% probability vs. 57.4% a month ago). Record highs for BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) ETFs. Corporate treasury interest , with some firms now allocating funds not just to bitcoin, but also to ether a...