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 Markets US equities extended their losing streak on Thursday, with the Dow Jones Industrial Average falling 0.38%, S&P 500 down 0.50%, and Nasdaq off 0.50% . Stronger economic data, including resilient jobless claims and firm Q2 GDP, dampened expectations for deeper Federal Reserve rate cuts. Treasury yields climbed, with the 10-year note rising to 4.17% , as investors looked to Friday’s PCE inflation data for further policy signals. Market sentiment was also clouded by the looming risk of a government shutdown, as federal agencies were directed to prepare contingency plans. Political gridlock in Washington added to volatility, reinforcing caution in risk assets. On the corporate front, Intel shares jumped 9% after CEO Lip-Bu Tan pushed ahead with efforts to secure fresh funding and partnerships. The company is in talks with Apple and TSMC, while also receiving backing from SoftBank and Nvidia to strengthen its turnaround strategy. Malaysia Markets The...