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.
Key Takeaways: Singapore equities opened higher as US markets hit record highs on Fed rate cut optimism. Johor-Singapore Special Economic Zone (JS-SEZ) is attracting strong foreign investment, positioning Johor as Malaysia’s top growth driver. Alibaba trims SingPost stake from 11.33% to 4.61% in a S$64.4m selldown. Frasers Property, HRnetGroup, LHN, and Sim Leisure in focus on corporate updates. Market Snapshot STI (Sep 10, 9:00am): 4,304.63 (+0.16%) Volume / Value: 48.6m / S$65.1m Advancers / Decliners: 74 / 35 US equities closed at record highs Tuesday as weak payroll revisions heightened expectations for Fed easing: S&P 500: +0.3% to 6,512.61 Nasdaq Composite: +0.4% to 21,879.49 Dow Jones: +0.4% to 45,711.34 Fed rate cut probability stands at 91.8% for September (CME FedWatch), with the Fed Funds rate projected at 2.75%-3% by end-2026 . Gold briefly touched a record before paring gains. Bre...