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.
Global stocks surged on optimism over a possible Ukraine-Russia peace deal , while bond markets sold off as US inflation fears dampened hopes for Fed rate cuts . Meanwhile, oil prices slid and gold remained near record highs as investors weighed the impact of geopolitical and economic uncertainties. 🌍 Stock Markets Gain on Peace Optimism 📈 US & European stock futures rallied on renewed hopes that US-led peace talks could bring an end to the Ukraine-Russia war . 📈 Asia-Pacific markets followed suit , with Japan’s Nikkei up 1.1% and Hong Kong’s Hang Seng gaining 1% , hitting a four-month high . 💬 Kyle Rodda (Capital.com): "Optimism might be premature. Ukraine may struggle to accept concessions like giving up NATO ambitions and ceding territory." 💰 Inflation & Fed Rate Cut Hopes Fade 📌 US consumer prices rose by the most in nearly 1.5 years in January , with core infla...