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.
South Korea has made significant strides to get its bonds included in the FTSE Russell World Government Bond Index (WGBI) , while India , despite slower reforms, has gained popularity with global investors, positioning it for potential inclusion in a related FTSE benchmark. FTSE Russell will announce any inclusions on Oct. 8 , impacting the US$29 trillion global fixed income market . South Korea has met all the requirements for WGBI inclusion after overhauling its currency and debt-market operations , including extending won trading hours and setting up Euroclear access for foreign investors. Despite these efforts, low bond trading volumes via Euroclear may delay its inclusion until 2025. If successful, South Korea expects US$68 billion in capital inflows . India , on the other hand, has not implemented Euroclear and faces challenges with registration, settlement, and taxation , but it was still included in JPMorgan’s emerging-market bond index earlier this year. India’s bonds have...