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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.

Affin Bank Introduces Private Banking Service for Ultra-High Net Worth Clients

Affin Bank Bhd has launched a new private banking service, Affin Diventium , targeting individuals with investable assets of RM2 million or more. This initiative aims to cater to the sophisticated needs of ultra-high net worth clients by providing access to a wide range of services across the bank’s various businesses. Key Features of Affin Diventium: Comprehensive Financial Services : Affin Diventium offers an extensive suite of services, including daily banking, investment management, advanced corporate banking, and long-term financial planning. The service is designed to address the unique financial aspirations of high-net-worth individuals and their businesses. Luxurious Asset Financing : The bank has introduced a luxurious asset financing option, enabling clients to acquire and manage high-value assets, such as yachts, through access to premium financial products. This service is part of Affin Bank’s strategy to provide tailored solutions that align with the lifestyle and investme...