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.
China’s services sector saw a sharp rebound in July , with the S&P Global Services PMI jumping to 52.6 , its highest level since May 2024 — a clear signal that the summer travel boom is driving short-term resilience. Key Indicators S&P Services PMI : ▲ to 52.6 (vs 50.6 in June; Bloomberg forecast: 50.4) Export Orders : Fastest rise since Feb Employment : Hiring at highest pace in 12 months Selling Prices : ↑ for the first time in 6 months Business Confidence : Highest in 4 months What’s Driving It Peak summer season lifted tourism, transport, entertainment External demand picked up as global trade tensions eased Firms responded by expanding workforce and adjusting pricing Caution Signs Remain PBOC Survey : Job sentiment fell to worst on record in Q2 Official Services PMI : ↓ to 50 (vs 50.1), hinting divergence Weak Spots : Real estate and some consumer services still contract...