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.
Nintendo Co shares rose by as much as 3.9% on Monday after a senior executive from Saudi Arabia’s Public Investment Fund (PIF) suggested the fund is open to increasing its stake in Japanese game companies , including Nintendo. The stock saw its largest gain in over a week , outpacing the broader market, after Kyodo News reported that the Arab Gulf nation's PIF is considering deploying more capital to Nintendo and other gaming sector peers. Prince Faisal bin Bandar, vice-chairman of PIF subsidiary Savvy Games Group , indicated that the fund would favour such moves with the backing of the companies themselves. Saudi Arabia, aiming to diversify away from its oil-dependent economy, is focusing on becoming a global player in the gaming industry . The kingdom has committed US$38 billion (RM162.32 billion) to its ambitions, betting on its potential to become a hub for video gaming. The PIF, with US$760 billion in assets under management , already holds an 8.6% stake in Nintendo and...