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.
World shares took a downturn on Monday amid growing economic uncertainty fueled by geopolitical tensions in the Middle East, overshadowing recent policy measures aimed at bolstering markets. This comes as investors brace for a week filled with data that could influence central banks' upcoming decisions. Geopolitical tensions intensified with continued Israeli strikes across Lebanon, contributing to market unease, though oil prices remained relatively stable despite concerns over increased supply. Brent crude oil futures rose by 52 cents to US$72.50 , while West Texas Intermediate climbed 40 cents to US$68.58 . While Hurricane Helene has mostly passed, causing significant devastation in parts of the southern US, a new tropical depression is expected to strengthen into another hurricane later this week. Such hurricanes disrupt the supply chain of oil products, raising concerns about supply from the world's largest oil producer. In contrast, Chinese stock markets experience...