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.
Tokenized Finance in Action GF Securities' Hong Kong unit has launched a tokenized security, known as GF Token , which offers daily interest and can be redeemed daily. It's issued in USD, HKD, and offshore yuan. How It Works Benchmark: USD token is tied to Secured Overnight Financing Rate (SOFR) . Investors: Open only to institutional and professional investors . Platform: Issued on blockchain and traded on Hashkey Exchange . Why It Matters Part of Hong Kong's push to become a Web3 financial hub . Tokens offer utility for idle capital , with potential for switching across tokenized assets. Daily interest products may provide an alternative to money market funds or traditional savings for sophisticated investors. MoneyMaster Take — Key Insights: Real-world tokenization is happening now — not just hype. GF Token shows institutional DeFi in motion , offering flexible and regulated digital yield. Watch Hong Kong’s role in set...