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.
Producer Prices Continue to Fall Malaysia’s Producer Price Index (PPI) dropped 4.2% year-on-year in June , marking the fourth straight month of decline and the steepest fall since June 2023. The decrease was broad-based, with significant deflation in: Mining: -8.0% YoY (crude petroleum -6.7%, natural gas -12.0%) Manufacturing: -4.3% YoY (notably coke and refined petroleum -17.7%, electronics -7.8%) Agriculture: -0.3% YoY, the first drop since November 2023, driven by weaker animal production prices. On a monthly basis, PPI slipped 0.7% in June , with declines in manufacturing, agriculture, and electricity prices, while mining prices rebounded sharply by 4.6% . CPI-PPI Gap Widens Consumer Price Index (CPI) growth slowed further to 1.1% YoY in June, the lowest since February 2021. This widened the gap between consumer inflation and producer price deflation, highlighting weak cost pass-through at the wholesale level despite...