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.
Key Takeaway AppLovin (APP), Robinhood (HOOD), and Emcor (EME) will join the S&P 500 on Sept. 22 , replacing MarketAxess, Caesars Entertainment, and Enphase Energy. Their inclusion underscores shifting sector weightings and signals strong investor momentum, especially for fintech and tech platforms. The New Entrants AppLovin (APP) Market Cap: $169B (largest U.S. company not already in the S&P 500) Focus: Mobile marketing & app monetization Stock Reaction: +6.3% after-hours to $521.01 Robinhood (HOOD) Market Cap: $91B Focus: Zero-commission retail trading, democratizing finance Stock Reaction: +6.4% after-hours to $107.75 CFO Jason Warnick: “We remain focused on our mission to democratize finance for all.” Emcor (EME) Market Cap: $28B Focus: Mechanical & electrical construction services Stock Reaction: +2.2% after-hours to $639 Moving up from the S&P MidCap 400 Who’s Out MarketAxess (MKTX) , Caesars Entertainment (...