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.
Malaysia’s market opened with mixed signals as strong global sentiment contrasts with local profit-taking , while the IMF upgraded the country’s 2026 GDP outlook , reinforcing medium-term optimism. Wall Street Gains on Easing Geopolitical Risks US markets closed mostly higher as optimism grew that the US-Iran conflict may be nearing an end : S&P 500 +0.8% Nasdaq Composite +1.59% Dow Jones Industrial Average -0.15% Technology stocks led gains, driven by continued AI enthusiasm and corporate developments : Tesla +7.6% on AI chip progress Oracle +4.2% on energy deal Lower geopolitical risks are expected to ease oil prices and inflation pressures , supporting equities. KLCI Slips on Profit-Taking in Heavyweights The FTSE Bursa Malaysia KLCI edged 0.28% lower to 1,683.42 , as gains were capped by profit-taking in financial and utility stocks . Top gainer: Axiata Group +3.72% ...