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 Malaysia Digital Economy Corporation (MDEC) is actively pursuing new international markets to bolster Malaysia's role as a leading digital economy hub in ASEAN. MDEC has already facilitated Malaysian digital companies’ entry into 17 global markets , with growing success under its Gateway, Amplify, Invest, and Nurture (GAIN) programme . According to Wan Murdani Wan Mohamad , MDEC’s head of digital industry acceleration, the corporation has identified nine new markets with opportunities for digital exports, particularly in Brazil, Kenya, Tanzania, and Spain . While these are still in the early stages, MDEC is focusing on building partnerships and promoting Malaysian digital companies to convert these opportunities into real exports . MDEC's broader strategy includes leveraging ASEAN’s projected US$1 trillion digital economy by 2030 and its 647 million population , emphasizing the importance of harmonizing regional policies to facilitate cross-border trade and data flow . To...