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.
The eurozone's private sector failed to grow for the second consecutive month in October, as Germany and France — the bloc’s two largest economies — weighed on overall output, with no clear signs of recovery. The composite Purchasing Managers' Index (PMI) , published by S&P Global, edged up slightly to 49.7 in October , from 49.6 in September, remaining below the 50 threshold that indicates contraction. This reading aligns with analysts' expectations and highlights ongoing concerns about the eurozone's economic health. Germany’s economy showed a slight improvement in its PMI, but continued struggles in France dragged down the overall region. German industrial giants are grappling with higher energy costs and reduced demand from China , while France's composite PMI slipped further to 47.3 , indicating worsening conditions. Despite small gains in the services sector, the eurozone remains stuck, with manufacturing output continuing to slump. Economists are ...