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.
Nissan Motor Co shares fell 3.6% on Tuesday after news of production cuts in the US and potential tariffs on imports from Mexico and Canada , adding to the automaker’s struggles in a challenging year. Key Developments US Production Cuts : Nissan plans to produce 100,000 fewer vehicles at its Mississippi and Tennessee plants in the fiscal year ending March 2025. Affected models include the Frontier, Rogue, Pathfinder, and Infiniti QX60 . Trump’s Tariff Threats : President-elect Donald Trump proposed a 25% tariff on imports from Mexico and Canada to curb illegal migration and drug flow. Nissan, which builds cars and engines in Mexico, faces increased pressure on US operations. Dire Financial Outlook : Earlier this month, Nissan announced it would: Eliminate 9,000 jobs globally. Cut production by 20% . Slash its full-year operating income guidance by 70% . The company continues to battle crateri...