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 Takeaway: Asian markets opened mixed on Wednesday, tracking Wall Street’s pause after a record-breaking run. Investors are turning cautious amid stretched valuations and renewed talk of profit-taking in AI-driven sectors. Market Overview Region / Asset Latest Trend Note Tokyo Futures Slight gain Mild uptick expected Sydney Futures Flat Limited movement Hong Kong Reopens After public holiday S&P 500 (.SPX.US) -0.4% Ends record streak Oil Higher Inventory drop at U.S. hub Gold Near US$4,000 Approaches all-time high JPY/USD Yen weaker Lowest since February EUR/JPY Record high Since euro’s 1999 launch Wall Street Pullback The S&P 500 slipped 0.4% on Tuesday, halting a string of all-time highs after a US$16 trillion surge since April raised concerns of overheating. Tech-related profit-taking continued as investors reassessed lofty valuations and AI-driven optimism. Citigroup’s Chris Montagu warned that profit-taking risks are “particularly elev...