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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

iCents: The Cleanroom Champion Riding Asia’s AI & Semiconductor Boom

A Cleanroom Specialist Powering High-Value Manufacturing iCents Group Holdings is a leading provider of  ISO 4-certified cleanroom solutions , serving high-growth, high-value sectors such as  semiconductors, electronics (84% of revenue) , pharmaceuticals, and  data centres (DCs) . With an  unbilled orderbook of RM93.2mn , the company offers solid earnings visibility and growth traction. End-to-end expertise  from design to MEP, fixtures and fit-outs – all under one roof Trusted by  MNC clients  with a solid execution track record Strong industry tailwinds:  RM55.8bn E&E investments  in 2024,  8.3% YoY growth  in electronics sales Capitalising on the Data Centre Boom iCents made its DC debut in 2023, and it's quickly scaling up. DC-related tenders now make up  80% of its RM600mn pipeline , with a success rate of  20–25% . FY24 saw 8.7% of revenue from DC projects, and Malaysia is projected to  7x its DC rack capaci...

Circle (CRCL): The Most Divisive Stock on Wall Street Right Now?

 Bull or Bear? This One's Got Both Sides Fired Up. Why Bulls Love It ✅ Market leader in  regulated stablecoins (USDC) ✅ Strong early-mover advantage under the  new GENIUS Act ✅ Backed by big names like  Bernstein  and  Needham , calling it a  “must-hold for the future of digital dollars” ✅ Tapped into the  next-gen financial rails , beyond crypto speculation Why Bears Are Nervous ⚠️ Overvalued, according to  Mizuho, JPMorgan, Goldman Sachs ⚠️ Sluggish  USDC supply growth ⚠️ Margin pressures + tough competition ⚠️ Long-term regulatory and adoption uncertainty Analyst Split Highlights 🟢  Needham:  $250 PT 🟢  Bernstein:  $230 PT 🟢  Seaport Global:  $235 PT ⚪  Deutsche Bank / Goldman:  Hold 🔴  Mizuho:  $85 PT (Underperform) Our Take? If you're the type who bets big on  digital infrastructure , Circle might be your next speculative hold. But if you fear overhyped valuations, this one ...