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.
Singapore has fired another round in its ongoing war against property speculation. With the government extending the Seller’s Stamp Duty (SSD) holding period to four years and raising the top rate to 16% , the property landscape is shifting once again—and with it, the outlook for several SGX-listed stocks. While these measures aim to ensure a more sustainable housing market, investors must reassess their exposure to real estate-related counters in the short to medium term. Potentially Impacted Stocks 1. Real Estate Developers These stocks are likely to see immediate sentiment-driven pullbacks due to anticipated demand softening, especially from short-term investors and speculators. City Developments Limited (C09) UOL Group Limited (U14) GuocoLand (F17) Oxley Holdings (5UX) – already sensitive to policy risk due to higher leverage and reliance on local buyers Expect slower take-up rates for new launches and margin pressure...