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.
Malaysia's international reserves dipped slightly to US$118.1 billion as of Dec 13, 2024 , down from US$118.3 billion two weeks earlier, according to a statement by Bank Negara Malaysia (BNM) on Friday. Key Highlights Reserves Position The reserves are sufficient to: Finance 4.6 months of imports of goods and services. Cover 0.9 times the country’s short-term external debt . Breakdown of Reserves Foreign Currency Reserves : Declined slightly to US$105.1 billion (Nov 29: US$105.4 billion ). Special Drawing Rights (SDRs) : Increased to US$6 billion (Nov 29: US$5.9 billion ). International Monetary Fund (IMF) Reserves Position : Remained unchanged at US$1.3 billion . Gold : Steady at US$3.3 billion . Other Reserve Assets : Unchanged at US$2.4 billion . BNM’s Total Assets and Currency in Circulation Total Assets : Rose to RM597.36 billion (Nov 29: RM595.7...