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 Takeaways Pop Mart’s new mini Labubu dolls sold out within minutes in China, the US, Japan, and South Korea, underscoring sustained global demand. Shares dipped 0.6% on Friday after earlier gains, reflecting expectations already priced in. Stock has surged 260% YTD , valuing the company at HK$433 billion (US$55.6 billion) . Mini Labubus priced at 79 yuan (US$11) in China, with premium editions at 499 yuan . Overseas pricing nearly doubles local levels (US$22.99 in the US). Resale activity is robust, with secondary market prices at 1.5x–2.5x retail , mirroring speculative behaviour reminiscent of the 1990s Beanie Baby craze. While demand is expanding internationally, early concerns about product craftsmanship (crooked heads, uneven limbs) may present reputational risks. Strong Demand Across Markets The latest Labubu launch highlights Pop Mart’s ability to drive consumer frenzy through scarcity and blind-box mech...