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.
Private-sector hiring decelerated in November as the manufacturing sector struggled, according to the latest ADP National Employment Report released Wednesday. The report also noted accelerating wage growth for the first time in more than two years, a trend that could influence Federal Reserve policy. Job Growth Slows The private sector added 146,000 jobs in November, down from a revised 184,000 in October . The figure fell short of economists' expectations of 163,000 new jobs , as polled by The Wall Street Journal . "While overall growth for the month was healthy, industry performance was mixed," said ADP Chief Economist Nela Richardson . She highlighted manufacturing as particularly weak, alongside softness in financial services and leisure and hospitality. Employment by Company Size and Region Large Firms (500+ Employees): Led job growth, adding the most positions. Small Firms (<50 Employees): Lost jobs overall. Regional Gains: South: Recorded the highest job gr...