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.
European stock futures climbed after the US and European Union reached a trade deal that eased investor worries about escalating tariffs. The agreement, announced by US President Donald Trump and European Commission President Ursula von der Leyen, will see the EU face 15% tariffs on most exports , including cars. Pharmaceuticals and metals are excluded from the deal. By early Monday in Paris, Euro Stoxx 50 futures rose 1% , while Germany’s DAX futures also gained about 1%. The euro edged up to $1.1752 . “This is exactly what markets needed — visibility. The risk of tariff escalation is now off the table,” said John Plassard, head of investment strategy at Cité Gestion. “For investors, that’s not just relief; it’s a green light.” Key Sectors to Watch Automakers: Stellantis, Volkswagen, Mercedes-Benz, BMW, and suppliers like Valeo and Pirelli are expected to benefit. Luxury Brands: LVMH, Kering, and Salvatore Ferragamo may see gains as North America is ...