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.
Market Milestone Nvidia (NVDA) shares surged 4.3% to hit a record high of US$154.31 , pushing its market cap to an astonishing US$3.77 trillion — dethroning Microsoft as the world’s most valuable company. This milestone marks a 63% rally from April's low , adding nearly US$1.5 trillion in value. This isn't just a spike; it's the latest chapter in Nvidia's AI dominance story. Why It Matters Recent earnings results showed Nvidia's growth engine is still roaring, even amid China chip restrictions. With major clients like Microsoft, Meta, Alphabet, and Amazon continuing to invest heavily in AI infrastructure, Nvidia remains deeply embedded in the ecosystem. Valuation Check Despite its surge, Nvidia still trades at: 31.5x forward earnings , below its 10-year average. PEG ratio at 0.9 , the lowest among the "Magnificent Seven." That means: High growth, fair valuation — a rare combo. Ownership Gap = Upside Potential? Only 74% of long-only funds ...