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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.

Kamala Harris Raises $55 Million in California Fundraisers, Expanding Financial Edge Over Trump

Vice President Kamala Harris raised approximately $55 million during high-dollar fundraisers in California over the weekend, bolstering her financial advantage over Republican rival Donald Trump . The fundraising events took place in Los Angeles and San Francisco , with Harris urging attendees to leverage their networks as the race tightens. On Sunday, Harris’s event at the JW Marriott in downtown Los Angeles brought in $28 million , while Saturday’s fundraiser at San Francisco’s Palace of Fine Arts raised $27 million , according to sources. The Los Angeles gathering featured performances by Alanis Morissette and Halle Bailey , and was attended by celebrities like Sterling K. Brown , Demi Lovato , and Stevie Wonder , along with mogul Jeffrey Katzenberg , co-chair of the Harris campaign. Harris emphasized the closeness of the race, stating, "We are the underdogs," and encouraged attendees to further activate their networks to ensure a victory in November. The fundraiser...