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.
Global stocks climbed on Tuesday, with the MSCI World Index rising 1% . Meanwhile, US bond yields and the dollar pulled back from recent highs as investors awaited key announcements from President-elect Donald Trump’s cabinet and assessed the future of US interest rates. Tech stocks led gains , reflecting Wall Street's recovery from last week’s sell-off. However, investors were cautious ahead of Nvidia’s earnings report on Wednesday . Key Market Moves Global stocks : MSCI World Index up 1% , snapping a four-day losing streak. Regional performance : Europe : STOXX index rose 0.2% . Japan : Nikkei gained 0.5% . Australia : Equity benchmark up 0.8% , hitting a record intraday high. Taiwan : Shares advanced 1.3% . China : Mainland blue chips dropped 1.2% , weighed by uncertainty over potential Trump tariffs. US futures edged higher , with S&P 500 futures pointing to a 0.1% gain after Monday’s 0.4% advance . Fed Outlook and Trump's Policies in Focus The market's outlook f...