KUALA LUMPUR, May 7 (Bernama) -- Bursa Malaysia closed marginally higher today, supported by continued buying in banking heavyweights following Bank Negara Malaysia’s decision to maintain the overnight policy rate (OPR) at 2.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.98 points, or 0.11 per cent, to 1,758.85 from Wednesday’s close of 1,756.87. The benchmark index, which opened 5.94 points higher at 1,762.81, moved between 1,758.42 and 1,768.46 during the day. Market breadth was positive with gainers beating losers 660 to 583. A total of 593 counters were unchanged, 815 untraded, and nine suspended. Turnover eased to 3.78 billion units worth RM4.24 billion, compared with 3.98 billion units worth RM3.97 billion yesterday.
Malaysia’s market opened with mixed signals as strong global sentiment contrasts with local profit-taking , while the IMF upgraded the country’s 2026 GDP outlook , reinforcing medium-term optimism. Wall Street Gains on Easing Geopolitical Risks US markets closed mostly higher as optimism grew that the US-Iran conflict may be nearing an end : S&P 500 +0.8% Nasdaq Composite +1.59% Dow Jones Industrial Average -0.15% Technology stocks led gains, driven by continued AI enthusiasm and corporate developments : Tesla +7.6% on AI chip progress Oracle +4.2% on energy deal Lower geopolitical risks are expected to ease oil prices and inflation pressures , supporting equities. KLCI Slips on Profit-Taking in Heavyweights The FTSE Bursa Malaysia KLCI edged 0.28% lower to 1,683.42 , as gains were capped by profit-taking in financial and utility stocks . Top gainer: Axiata Group +3.72% ...