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.
Sector Outlook: POSITIVE The U.S. Department of Energy has launched a major initiative to rebuild the country’s nuclear fuel supply chain. This move could significantly benefit Energy Fuels (UUUU), which owns key uranium production infrastructure in the U.S. Key Highlights DOE Initiative Could Be a Game-Changer DOE has called for applications from U.S. companies to build and operate nuclear fuel production lines. Goal: Reduce reliance on foreign uranium and support advanced nuclear reactor development. Fast-tracked approval process aims to attract private investments while de-risking participation. Energy Fuels in Prime Position Operates White Mesa Mill in Utah — the only fully licensed uranium mill in the U.S. Well-positioned with the infrastructure and experience to align with DOE goals. Long-standing ambition to build a fully integrated domestic fuel cycle puts the company ahead of peers. Strong Price Momentum, Weak Fundamentals Energy Fuels stock surged 6.19% to close at $8.24 — ju...