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.
European natural gas prices fell after Israeli strikes against Iran deliberately avoided key oil, nuclear, and civilian infrastructure , easing concerns about immediate supply disruptions from the Middle East conflict . Benchmark gas futures dropped by as much as 4.3% on Monday , following last week’s significant gains, while crude oil prices also slumped. The market had been bracing for a broader attack that could have threatened critical energy shipments through the Strait of Hormuz , a vital route for liquefied natural gas (LNG) and oil . Despite fears of escalating tensions, Israel’s response was more limited than anticipated, containing the immediate risk of a disruption to global energy supplies . This, coupled with mild weather forecasts across northwest Europe for the coming weeks, helped push prices lower, signaling a reduced need for fuel for heating. Europe's gas inventories , now over 95% full , have remained a buffer against potential supply disruptions. However, th...