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.
GX Bank Bhd, Malaysia’s first digital bank, has achieved remarkable growth, reaching over 750,000 customers within just eight months of its launch. Since opening to the public in November last year, GX Bank has also facilitated the creation of more than 800,000 “savings pockets” by the end of July 2024. Key Milestones Rapid User Growth: GX Bank attracted 100,000 users within the first two weeks of its debut and has continued to expand its user base rapidly. The bank's success highlights the increasing preference for digital banking services among Malaysians. Transaction Volume: Customers have conducted over 13 million transactions through the GX Card and QR code, showcasing the bank's impact on Malaysia's digital financial landscape. GX Untuk Semua Initiative Launch and Objectives: The GX Untuk Semua initiative was launched as part of GX Bank’s RM1.5 billion investment strategy in Malaysia over the next five years. The initiative aims to nurture local tech talent, deve...