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 trading opened cautiously after mixed U.S. tech earnings and a Federal Reserve signal of a potential rate pause , while local equities found support from selective buying in blue chips. Overnight on Wall Street Global markets took a breather as tech results sent mixed signals . Meta Platforms (–11.3%) plunged after outlining higher AI spending and a one-time tax hit, despite beating profit forecasts. Microsoft (–2.9%) slipped on investor concerns over rising AI capital expenditure. In contrast, Amazon (+13% after hours) surged after reporting its fastest AWS growth in nearly three years , while Apple (+2% after hours) offered a strong holiday quarter outlook . Major indices retreated: Nasdaq Composite: 23,581.14 (–1.57%) S&P 500: 6,822.34 (–0.99%) Dow Jones: 47,522.12 (–0.23%) A brief U.S.–China trade thaw provided some relief, with a 10% U.S. tariff cut and ...