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.
The D Day is approaching on whether the U.K votes to leave the European Union on June 23. While to a lot of people, it is something that has to do with the U.K, the impact could hurt the global economy, at least according to U.S. Treasury Secretary Jacob J. Lew. According to a report by Bloomberg, Lew said “It’s in the best interest of Europe, the U.K. and the global economy and for geopolitical stability for the U.K. to stay in. “I only see negative economic outcomes if the vote goes the other way.” And the U.S Treasury Secretary wasn't the only who feel that way. Financial markets have been whipsawed in recent days as investors grapple with the possibility of a British exit from the European Union. Sterling fell for a second week in a row as opinion polls suggested the vote is too close to call; the latest Opinium poll conducted for the Observer newspaper and released Saturday had 44 percent of respondents wanting to remain in the EU and 42 perc...