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.
Warren Buffett’s Berkshire Hathaway Inc raised ¥281.8 billion (US$1.89 billion) in a multi-tranche bond sale on Thursday, fuelling speculation that the legendary investor is set to increase his exposure to Japanese assets . This marks Berkshire’s largest yen-denominated bond deal since 2019. The firm priced a seven-part bond with tenors ranging from three to 30 years , with most maturities offering higher premiums compared to its yen-note sale in April. Notably, Buffett has previously used funds raised from yen bonds to purchase stakes in major Japanese companies , which contributed to the Nikkei 225 reaching record highs earlier this year. Analysts speculate that Berkshire’s investments could extend beyond trading houses to include banks, insurers, and shippers , potentially driving further gains in the Japanese stock market. The bond sale was closely watched as a test of investor demand for yen-denominated bonds amid a changing interest rate environment following the Bank of...