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 economy expanded by 5% in Q4 2024 , surpassing the 4.8% forecast and driven by a strong services sector, resilient household spending, and investment growth . 📊 Key Economic Highlights 🔹 Q4 2024 GDP Growth: 5% y-o-y (above the 4.8% estimate). 🔹 Full-year 2024 GDP Growth: 5.1% , up from 3.6% in 2023 but slightly below the 5.4% growth in Q3 2024 . 💬 BNM Governor Abdul Rasheed Ghaffour: "Malaysia’s growth will continue to be supported by robust investments, resilient household spending, and export growth despite global challenges." 📈 Sector Performance in Q4 2024 Services: Grew 5.5% y-o-y , leading the economy. Manufacturing: Increased 4.4% y-o-y . Construction: Surged 20.7% y-o-y , reflecting strong infrastructure activity. Mining: Declined 0.9% y-o-y . Agriculture: Contracted 0.5% y-o-y . 💰 Current Account & Trade 🔹 Curre...