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.
Asian stocks extended their rally on Tuesday as the global artificial intelligence (AI) boom continued to pull money into technology shares, while gold surged to fresh record highs on expectations of further U.S. rate cuts. Wall Street once again led the charge after Nvidia unveiled plans to invest up to US$100 billion in OpenAI , with its first data-center hardware set for delivery in 2026. The announcement sparked another wave of optimism across the tech sector, with giants such as Oracle, Apple, Tesla, and Nvidia itself fueling record highs. Market watchers noted that momentum funds and option traders are piling in, reinforcing the rally’s self-fulfilling nature. At the same time, investors seeking to hedge risk have flocked to gold. The precious metal hit an all-time peak of US$3,755.47 per ounce , nearly 9% higher so far this month. Across Asia, chip-related sectors are enjoying the spillover effect. South Korea’s market gained 0.2%, now up almost 9% in Sept...