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 selloff in major technology companies halted the S&P 500’s seven-day rally , with the index falling 0.4% from all-time highs. The Nasdaq 100 dropped 0.9% , while the Dow Jones Industrial Average slipped 0.3% . Declines were fueled by disappointing earnings from Dell Technologies and HP Inc , which fell over 11% , and news of a Federal Trade Commission antitrust investigation into Microsoft Corp . Key Market Drivers: Inflation Data: The Fed’s preferred core inflation measure rose 2.8% year-on-year , aligning with estimates but underscoring “sticky” inflation . This bolstered the Fed’s stance of maintaining rates, despite healthy economic expansion . 10-Year Treasury Yields: Declined six basis points to 4.25% , while the Bloomberg Dollar Spot Index fell 0.7% . Bitcoin: Surged amid broader...