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.
Eurospan Holdings Bhd (KL) saw a significant rise of 27 sen or 15.61% , closing at RM2 during Bursa Malaysia’s afternoon session on Tuesday. Despite the price increase, the stock was highlighted for having negative momentum , according to a proprietary algorithm that tracks unusually high trading volume and price movements . This list is not a recommendation to buy or sell but provides insight into stocks experiencing short-term momentum. Negative momentum indicates a falling price trend despite the recent price surge. Investors should note that momentum is typically short-lived and may reverse quickly. To further evaluate the stock, readers can consider its fundamental and valuation scores , which offer additional insight into its overall market attractiveness for those looking to capitalize on or avoid the momentum.