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.
The unstoppable ascent of the U.S. tech giants is once again stirring debate — are investors witnessing a new era of sustainable growth, or the quiet inflation of another speculative bubble? On October 20, 2025 , Apple (AAPL) surged nearly 4% , hitting its first record high since December 2024 and reclaiming the No. 2 spot in U.S. market capitalization at US$3.89 trillion , behind Nvidia (NVDA) at US$4.4 trillion . The catalyst: strong iPhone 17 sales , up 14% year-on-year in the first 10 days after launch, igniting hopes of a multi-year replacement cycle. Historically, Apple’s momentum after breaking new highs has proven durable — shares rose in 10 of 11 such cases over the past four decades, with a median gain of 32% one year later. Valuations: Elevated but Not Excessive According to Bloomberg data, most of the “ Magnificent 8 ” — Nvidia, Microsoft, Amazon, Alphabet, and Meta — now trade be...