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 FBM KLCI surged 1.16% to 1,535.73 , hitting a two-week high on Thursday, buoyed by gains in banking and energy stocks , even as Wall Street dipped on Trump’s proposed 25% tariffs on imported vehicles . Market Summary Wall Street Recap S&P 500: 5,693.31 ( -0.33% ) Dow Jones: 42,299.70 ( -0.37% ) Nasdaq: 17,804.03 ( -0.53% ) Market sentiment was cautious as Trump’s auto tariffs reignited trade tension fears , especially impacting the tech-heavy Nasdaq. Bursa Malaysia Highlights FBM KLCI: 1,535.73 ( +1.16% ) Top Gainer: Gamuda (RM4.32, +7.73%) Top Loser: Axiata (RM1.84, -1.60%) USD/MYR: 4.4315 ( +0.05% ) KLCI saw its strongest single-day gain since March 13 , reflecting local resilience and limited exposure to U.S. auto trade . Economic & Sectoral Developments Producer Price Index (PPI): Feb 2025 PPI growth slowed to 0.3% y-o-y (from 0.8% in Jan), driven by ...