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.
The Singapore stock market has posted gains for three consecutive sessions, advancing almost 80 points or 2.3% in that period. The Straits Times Index (STI) now sits just above the 3,530-point level and is expected to extend its gains again on Thursday. The global forecast for Asian markets is positive, supported by optimism over the outlook for interest rates. While European markets showed mixed results, U.S. markets were up, suggesting that Asian markets are likely to follow the positive lead from the U.S. On Wednesday, the STI finished modestly higher, buoyed by gains in financial shares, property stocks, and industrial issues . The index added 18.50 points or 0.52% to close at 3,531.17 , after trading between 3,517.56 and 3,536.12 . Active Stocks and Movements Among the actively traded stocks: CapitaLand Integrated Commercial Trust spiked 1.42% . CapitaLand Investment surged 2.15% . City Developments rose 0.19% . ComfortDelGro gained 0.68% . DBS Group collected 0.30% . ...