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.
RHB Investment Bank is staying bullish on Malaysia’s tech sector , maintaining its OVERWEIGHT rating as recovery momentum builds and valuations remain attractive. The sector is now trading at below 20x forward P/E , well under its 5-year average—opening the door for a potential re-rating . Why RHB Is Optimistic: Earnings Strength : Across the supply chain, companies are showing stronger revenue and giving positive forward guidance . Engineering Support Services report robust order books , often a leading signal for automated test equipment (ATE) and OSAT providers . EMS players (Electronics Manufacturing Services) see healthy visibility , backed by new project wins and customer interest. New tech rollouts, product launches, and demand recovery are expected to boost the sector through 2H25. Malaysia’s Strategic Advantage: Short-term boost from order diversion and long-term gain from manufactur...