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.
Bitcoin Hits Record High as U.S. Congress Kicks Off ‘Crypto Week’ — All Eyes on Stablecoin & Clarity Bills
Bitcoin and the broader crypto market are soaring , fueled by optimism that U.S. Congress may finally pass meaningful crypto legislation during what’s been dubbed “ Crypto Week .” Key Bills in Focus Stablecoin Legislation (High Odds of Passing) Bipartisan support Seeks clear rules for stablecoin issuance and reserve requirements Most likely to reach the President’s desk this week Clarity Act Would define jurisdiction between SEC vs. CFTC Addresses long-standing regulatory uncertainty for digital assets Anti-CBDC Bill Would ban a U.S. digital dollar (CBDC) Less critical to the market but still symbolically important Market Sentiment & Commentary “It’s a Goldilocks moment” — low regulation risk, strong prices, and political momentum The Stablecoin bill has the most support; its passage would be a historic regulatory breakthrough The Clarity Act could unlock broader institutional participation by reducing compliance ambi...