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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

LINK REIT: Stable Growth, 6.4% Yield, and Technical Breakout

  Why Consider LINK REIT? Solid Technical Momentum: Price recently broke out above HKD 42.20 and holds above both 20-day and 50-day EMAs, signaling continued bullish momentum. A close above HKD 43 could open the path toward HKD 45–46 resistance zone. Consistent Financials: Expected revenue and net profit growth through FY2027, with stable profit margins above 48%. Net profit CAGR projected at 2%. Attractive Dividend: With a 6.4% yield, LINK REIT provides an appealing income stream in a volatile market. Strong Portfolio: Diversified assets including malls, parking, and retail properties across Hong Kong and overseas markets. Investor Note: With a healthy combination of capital appreciation potential and steady dividends, LINK REIT offers a relatively low-risk opportunity for income-focused and conservative growth investors.