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.
In a move that could reshape the global financial landscape, the UK and Singapore have entered a strategic collaboration on artificial intelligence (AI) and tokenized finance , with direct implications for financial institutions, fintech firms, and technology investors. The agreement—formalized during the 10th UK-Singapore Financial Dialogue —brings together the UK Financial Conduct Authority (FCA) and Monetary Authority of Singapore (MAS) , reinforcing their mutual commitment to advancing next-generation finance infrastructure through Project Guardian and Global Layer One (GL1) . Why Investors Should Take Note This pact signals a regulatory green light on two major innovation pillars: Tokenization of Real-World Assets (RWAs) Scaled deployment of AI in financial services Both trends are already drawing capital, but this cross-border commitment could accelerate adoption, particularly among institutional investors and capital market operator...