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.
U.S. equities advanced modestly on Wednesday ahead of President Trump’s announcement of sweeping new tariffs, as investors weighed trade policy risks against ongoing market momentum. Market Snapshot – April 2, 2025 Index Move Closing Level Nasdaq Composite +0.9% 17,511.51 S&P 500 +0.7% 5,670.97 Dow Jones Industrial +0.6% 42,225.32 Stocks edged higher in pre-announcement trading , with investors cautiously optimistic despite elevated geopolitical and macro risk. President Trump’s “Liberation Day” tariffs were unveiled after the close , fueling uncertainty over potential foreign retaliation and its economic spillover. Macro Drivers Markets remained in wait-and-see mode as investors anticipated Trump’s tariff rollout. Gold surged to another intraday record , peaking at $3,177.70 , reflecting a flight to safety amid global trade concerns. Bitcoin also rose (+1.7% to $86,398), showing resilience despite its higher-risk profile. Markets may ...