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 and Domestic Economic Landscape Global Macroeconomic Outlook : US GDP Growth : Projected at 2% for 2025. China GDP Growth : Anticipated at 4.8% , signaling robust recovery. Federal Reserve Policy : A cumulative 75 basis points cut in the Federal Funds Rate (FFR) is expected to: Ease the strength of the US dollar. Narrow interest rate differentials, potentially benefiting global equity markets. Challenges : Geopolitical tensions and inflation risks, particularly stemming from Donald Trump’s re-election , may create uncertainties. Malaysia’s Domestic Growth : Steady Economic Expansion : Supported by both external trade and internal consumption. Key Catalyst : Formalisation of the Johor-Singapore Special Economic Zone poised to unlock new growth opportunities in the southern region. Favorable Environment : Stable political conditions and ongoing reforms contribute to enhanced investor confidence. Attractive Valuations : Forward ...