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.
Donald Trump’s first presidency saw remarkable gains for the S&P 500 , which surged 67.82% over four years , fueled by policies favoring growth and deregulation. As Trump prepares to return to office in January 2025 , market analysts are closely watching for his policy impact on equities. Key Highlights of Trump’s First Term Pre-Inauguration Gains : S&P 500 rose 6.56% between Election Day (Nov 8, 2016) and Trump’s inauguration (Jan 20, 2017). Post-Inauguration Performance : 6 months in: +9.27% . 1 year in: +24.15% . By the end of his term: +67.82% . Second Term: Initial Market Reactions and Key Developments 1. Post-Election Gains S&P 500 is up 6% since Election Day 2024 , maintaining an upward trend. 2. Federal Reserve’s Hawkish Stance The Fed cut rates by 25 basis points this week but emphasized caution in future rate cuts. Impact : Dow Jones fell 1,100 points (-2.95%). S&P 5...