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.
Momentum Accelerates Toyota Motor Corp. posted its third consecutive monthly sales record in May, clocking in 955,532 vehicles sold globally , an 8% jump from a year ago. Production also held strong at 906,984 units . The surge was driven by robust hybrid vehicle demand across key markets: North America: +11% Japan: +4% China: +7% A Price Hike Ahead Toyota plans to raise US vehicle prices by over $200 starting next month, aligning with competitors like Mitsubishi Motors — a move that reflects both rising costs and the looming tariff impact from the U.S.-China trade war. The Tariff Shock While sales remain strong, Japanese automakers are bracing for a significant blow: Toyota expects a ¥180 billion ($1.2B) loss from tariffs just for April-May. Nissan and Honda are forecasting $3B hits . Mazda and Subaru have withheld profit guidance amid uncertainty. Investor Insight: Can Toyota Maintain Its Lead? Despite geopo...