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.
Bitcoin has soared past $90,000 for the first time following an election-fueled rally that began on Nov 5, when President-elect Donald Trump claimed victory. The original cryptocurrency reached a new peak of $91,085 , driven by expectations of crypto-friendly policies under Trump’s administration, including plans for a strategic Bitcoin stockpile and a regulatory environment favorable to digital assets. Trump’s shift from crypto skeptic to supporter has sparked renewed investor confidence across the digital asset market, pushing the entire crypto market's value to an all-time high. However, some analysts caution that while further gains are possible, much of the optimism may already be priced in. Dogecoin , the meme-inspired token, has been another standout performer, rallying by 80% in recent days . This rise was fueled in part by Trump’s announcement of a new Department of Government Efficiency , co-led by Elon Musk, which many viewed as a nod to Dogecoin’s community. In tra...