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.
BYD Expands in Europe with Competitive Pricing Chinese EV maker BYD introduced its compact SUV, the Atto 2, in France for €28,990 ($30,358). The Atto 2 enters the highly competitive European B-SUV market , offering a cheaper alternative to major rivals . How BYD’s Atto 2 Stacks Up Against Competitors €5,000 cheaper than the Kia Niro. €6,000 less than the Opel Mokka-e. €7,000 below the Peugeot e-2008. However, Opel Mokka-e and Peugeot e-2008 qualify for French EV incentives of up to €4,000 , reducing the price gap. The Stellantis Citroen e-C3 remains €6,000 cheaper than the Atto 2 even before incentives. BYD’s Strategy in the European EV Market BYD is aggressively pricing its models to compete with established automakers. Expanding into France and broader European markets , targeting price-sensitive consumers. The launch in Paris’ La Défense Arena signals BYD’s commitment to European expansion. Summary: BYD launches Atto ...