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.
When you're tempted to sign up for a retailer's credit card at the checkout counter, the promise of an initial discount or future perks might seem like a great deal. But beware: that cute blouse or new gadget could end up costing you far more if you don’t pay off your balance in full each month. A recent study by Bankrate has found that interest rates on store credit cards have reached their highest levels since the firm began tracking them in 2008. The average rate on these cards now stands at 30.45% , a significant jump from 24.35% in 2021, and far above the average rate for general credit cards, which is around 21% . Some store cards, like those from Academy Sports + Outdoors, Petco, and Big Lots , are even hitting 35.99% APR . How High Rates Could Impact Your Wallet Let's break down what this means: If you sign up for a store card and make a $1,000 purchase with a 20% discount, you'll pay $800 upfront. But if you carry that $800 balance at an APR of 35.99% and onl...