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.
NuScale Power (SMR) has seen its stock surge nearly 400% in the past year as investors bet on small modular reactors (SMRs) to power the next wave of clean energy and meet AI-driven electricity demand. Backed by nearly $1 billion in U.S. federal funding , NuScale is currently the only U.S. company with an NRC-approved SMR design, making it a frontrunner in what could be a transformative energy shift. Why NuScale Is in the Spotlight Regulatory Lead: The company’s 77MW reactor design has been approved by U.S. regulators, giving it a head start over rivals still navigating the licensing maze. Federal Support: The Department of Energy has already provided $575 million in funding, and NuScale is well-positioned to win part of the DOE’s new $900 million SMR program . AI & Clean Energy Demand: Data centers driving the AI boom are hungry for clean, stable electricity, making nuclear an increasingly attractive solution. Financial Reality ...