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 13th Malaysia Plan (13MP) sets an ambitious target of 4.5%-5.5% annual GDP growth between 2026 and 2030, with RM430 billion in development expenditure (devex) allocated to drive economic restructuring and improve living standards. Key Highlights: GDP Growth Target: 4.5%-5.5% annually (vs. 5.2% avg. in 2021–2024) Devex Allocation: RM430B (+3.6% vs. 12MP) = avg. RM86B/year Fiscal Deficit: <3% of GDP by 2030 (vs. 4.1% in 2024) Total Funding: RM611B (incl. RM120B from GLCs, RM61B PPP/private) Private Investment: +6% annually (avg. RM417.9B/year) Public Investment: +3.6% annually (avg. RM112.9B/year) Export Growth: +5.8% annually Inflation Target: 2%-3% p.a. Sectoral Allocations: Economic Sector: RM227B (infrastructure, transport, housing, flood mitigation) Social Sector: RM133B (education RM67B, healthcare RM40B) National Security: RM51B Public Administration: RM17B Social & Eco...