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.
Tesla (TSLA.US) stock climbed on Thursday, reaching $369.16 in late trading, up 3.14% , as excitement grows over the company's upcoming Cybercab and ambitious robotaxi plans. This follows Wednesday's close at a 52-week high and the stock's continued momentum toward levels not seen since April 2022 . Key Developments Driving the Surge: Cybercab Unveiling and Cost Efficiency Tesla's purpose-built robotaxi, the Cybercab, is expected to begin sales in 2026 . A Tesla engineer revealed the vehicle will use 50% fewer parts than a Model 3 , significantly lowering production costs. Tesla also plans to launch its self-driving robotaxi service in late 2025 , initially leveraging current models equipped with advanced driver-assistance systems. A Trillion-Dollar Opportunity Wedbush analyst Dan Ives called the self-driving business a "trillion-dollar opportunity" , underscoring the potential market impact of Tesla's autonomous technology. Delivery and Growth Outlook...