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.
Key Facts Guangzhou Automobile Group Co., Ltd. (HKG:2238) market cap rose HK$1.2b last week to HK$70b , with shares gaining 3.8% . Private companies own 59% of the company, making them the biggest beneficiaries of the recent rally. Largest shareholder Guangzhou Automobile Industry Group Co. Ltd. holds 57% of shares. Other major holders: Zejun Hong (5.0%) and Guangzhou Huiyin Tianyue Equity Investment Fund Management Co., Ltd. (3.9%) . Ownership Breakdown Private companies: 59% – significant influence over management and strategic direction. Institutional investors: 12% – indicates some credibility among professional investors, though institutional sentiment shifts can impact the stock. General public: 24% – retail investors have limited control but still influence governance. Insiders: HK$3.5b worth of shares – alignment with shareholders, though concentrated control ...