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 Turning Point for Nuclear and AI The Tennessee Valley Authority (TVA), Kairos Power, and Alphabet have unveiled a landmark agreement that could reshape the future of U.S. nuclear energy. TVA, the nation’s largest public power utility, has agreed to purchase power from Kairos’s 50-megawatt, fourth-generation small modular reactor (SMR) by 2030. Alphabet, through Google, is securing clean energy attributes tied to the deal to advance its carbon-neutral commitments at data centers in Alabama and Tennessee. In a separate arrangement, Google has locked in a 500-megawatt commitment from Kairos by 2035, underscoring how SMRs can supply reliable, zero-carbon energy to meet the soaring electricity demand of artificial intelligence infrastructure. SMRs’ flexible design allows them to be deployed close to data centers, complementing renewables and ensuring continuous baseload supply—addressing one of the most pressing challenges of the AI-driven energy boom. Market Momentum: Nuclear Stocks...