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.
A recent major power outage across Klang Valley and Johor has reignited debate about Malaysia’s energy infrastructure resilience, with analysts at CGS International emphasizing that the incident underscores — not undermines — the case for a new power sector capex cycle . Power Disruption Signals Systemic Stress CGS noted that the blackout, which originated from the Edra Melaka CCGT plant and was compounded by an unplanned outage at the 1,000MW Tanjung Bin Energy coal plant , exposed vulnerabilities in Malaysia’s power grid. Together, both plants account for around 13% of Peninsular Malaysia’s total installed generation capacity , highlighting a tight reserve margin and growing system stress. With electricity demand surging — driven by foreign direct investments (FDI) into electronics, electrical manufacturing , and data centres — Malaysia’s grid is increasi...