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.
In the midst of global tariff turbulence and uncertain monetary policy, one under-the-radar opportunity could be setting up for a comeback: Malaysian government bonds . After enduring a wave of foreign outflows last month — totaling US$676 million (RM2.87 billion) — Malaysia’s sovereign bond market is now showing early signs of reversal. The catalyst? A surprise interest rate cut by Bank Negara Malaysia (BNM), its first in five years. While the move was largely seen as preemptive, BNM made its message clear: global trade risks are real, and policy needs to respond . President Donald Trump’s newly-imposed 25% tariffs on Malaysian goods added fuel to the fire. Malaysia’s economy had already logged three straight quarters of slowing growth . Now, easing monetary policy might be the much-needed lifeline. Why This Matters for Investors BNM’s dovish tone suggests that more rate cuts could be on the horizon . According to DBS Bank’s C...