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.
Goldman Sachs Group Inc. reported a 45% jump in third-quarter profits, driven by a strong performance in its equity-trading unit and a recovery in its investment-banking business . The firm's stock traders delivered their best quarter in over three years, with Goldman on track for a record year in stock trading. This surge helped offset declines in the bank's fixed-income trading . Goldman’s third-quarter revenue rose 7% to $12.7 billion , while net income climbed to $2.99 billion , or $8.40 per share . Despite the positive results, CEO David Solomon expressed concerns about new capital rules for banks, warning that such regulations could slow economic growth by increasing the cost of credit. Goldman’s shares, which initially rose as much as 3.4% , later fell by 1% in New York. Despite this, the stock has gained 34% this year, outperforming other major U.S. banks and reaching an all-time high. The firm’s investment-banking revenue of $1.87 billion exceeded analysts’...