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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.
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Asia Edges Higher Ahead of BOJ Decision, Malaysia Seen in Consolidation Mode

Asian equities posted mild gains on Friday as investors stayed cautious ahead of the  Bank of Japan ’s policy decision, while Malaysian markets are expected to  trade sideways with a positive bias  following recent strength in the ringgit and steady monetary policy at home. Regional sentiment improved after Wall Street extended its rebound overnight, supported by easing geopolitical tensions after U.S. President Donald Trump walked back tariff threats on Europe and ruled out the use of force over Greenland. The  MSCI Asia-Pacific ex-Japan Index  rose  0.4% , while U.S. futures were little changed, signalling a pause in momentum rather than a fresh risk-on push. Malaysia Market Lens For Malaysia, the backdrop remains relatively constructive.  Bank Negara Malaysia ’s recent decision to keep the  OPR at 2.75%  continues to anchor domestic sentiment, while strong 2025 trade performance and benign inflation provide support for equities. The  ...
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Asian Stocks Edge Higher, Gold Hits New Peak as US Shutdown Looms

Cautious Gains Across Asia Asian shares moved higher on Tuesday while gold climbed to another record, as investors weighed the growing risk of a US government shutdown that could delay key economic data. The  MSCI Asia-Pacific ex-Japan index  rose 0.5%, putting it on track for a  5.6% monthly gain — its best in a year . Japan’s  Nikkei slipped 0.3% , extending a three-day decline, while traders looked ahead to political developments at home. China’s  PMI remained in contraction  at 49.8 in September, signaling continued weakness in manufacturing, though slightly better than August’s 49.4 reading. Shutdown Clouds Fed Outlook US Vice President  JD Vance  warned that the government appeared “headed to a shutdown” as talks between President Donald Trump and Democratic leaders stalled. A closure would halt the release of this week’s crucial employment report, leaving only partial indicators such as the  JOLTS job openings data  due later Tues...
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