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.
As 2024 comes to a close, it’s clear this has been a year of remarkable financial milestones and volatility . From historic gains in tech stocks and cryptocurrencies to significant geopolitical and economic shifts, these events reshaped global markets. 1. Trump and Musk: The Power Duo Trump's Return : Donald Trump became the first non-consecutive two-term U.S. president since 1892, sweeping Congress. Shares of $Trump Media & Technology (DJT.US)$ saw extreme volatility, with the DJT index surging 120% in October alone. Musk’s Gains : Elon Musk supported Trump, donating $250 million to his campaign and was appointed head of the new "Department of Government Efficiency." $Tesla (TSLA.US)$ shares soared 75% post-election , hitting $488 , while Musk’s net worth grew by $200 billion . 2. Bitcoin’s Meteoric Rise Price Milestones : Bitcoin surged 130% in 2024 , surpassing $100,000 and becoming th...