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.
Warren Buffett’s Berkshire Hathaway has lifted its stake in Mitsui & Co to above 10%, strengthening its position in Japan’s powerful trading houses and signaling continued confidence in the sector. Market Snapshot Mitsui : Berkshire stake now above 10%; shares jumped as much as 2.2%. Peers : Mitsubishi, Itochu, Marubeni, and Sumitomo also gained in Tokyo trading. Sector backdrop : Trading houses’ diversified businesses help weather volatile commodity cycles and boost shareholder returns. Background Buffett first revealed stakes in Japan’s top five trading houses (sogo shosha) in 2020. The companies span industries from liquefied natural gas to salmon farming. Berkshire originally capped holdings at under 10%, but firms later agreed to relax the ceiling. Earlier this year, Buffett also raised his stake in Mitsubishi beyond 10%. Analyst View SBI Securities analyst Ryunosuke Shibata said Buffett’s latest move is a clear signal: “The fact that the ‘god of investi...