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.
Asian markets fell on Monday, following losses in the US, as investors focused on China’s market reopening after a weeklong holiday. Shares in Tokyo dropped, while US markets were impacted by a tech selloff , geopolitical concerns , and speculations on a smaller rate cut from the Federal Reserve . China's top economic planner is scheduled to hold a briefing, with investors eagerly awaiting potential new policy measures . Before the holidays, China introduced a series of stimulus measures , which significantly boosted investor confidence and propelled Chinese stocks to soar. However, some investors remain cautious about how long the Chinese stock rally will last. Major institutions like JPMorgan , Invesco , and HSBC are watching to see if Beijing will follow up on its stimulus pledges with concrete action. The CSI 300 Index in China surged 8.5% on Sept. 30, the last trading day before the holiday. In the US, the S&P 500 dropped 1% , as tech stocks like Alphabet...