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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.

Market Daily Report: FBM KLCI Rebounds On Bargain Hunting In Banking, Telco Stocks

KUALA LUMPUR, Jan 10 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from yesterday's losses to close marginally higher on Friday, driven by bargain hunting in banking and telecommunications stocks, despite the downbeat performance in regional bourses. At 5 pm, the benchmark index edged up 1.60 points, or 0.10 per cent, to 1,602.41 from Thursday’s close of 1,600.81.  The FBM KLCI opened 2.73 points higher at 1,603.54 and moved between 1,599.71 and 1,605.74 throughout the day.  The overall market breadth was slightly negative with 530 losers and 443 gainers, while 551 counters were unchanged, 845 untraded, and 19 others suspended. Turnover narrowed to 2.52 billion units valued at RM2.42 billion against Thursday’s 3.49 billion units valued at RM2.93 billion. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the barometer...