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.
HI Mobility (5335.MY) made a strong debut on Bursa Malaysia’s Main Market , opening at RM1.27 , hitting a high of RM1.33 , and closing at RM1.30 , marking a 6.56% gain from its IPO price of RM1.22 . IPO Performance & Demand Trading Volume: 98.4 million shares Closing Price: RM1.30 Oversubscription: Overall: 6.57x Public: 10.12x Bumiputera: 3.03x This indicates strong investor appetite , especially from the public segment, for HI Mobility's growth potential in the transportation and EV sectors. IPO Fund Allocation (RM115.9M Raised) 60.4%: Expand bus fleet (electric + ICE vehicles) 12.9%: Build EV charging infrastructure 4.4%: AI for vehicle monitoring & driver management 22.3%: Working capital & listing expenses Focus on sustainability and smart mobility positions the company well in the green transport movement. Market Cap & Advisory Estimated Market Cap: ...