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.
DBS Group Holdings Ltd is seeing a growing influx of wealthy clients from Europe and the US , as investors increasingly turn to Asia for portfolio diversification and stability amid heightened global volatility. Rising Demand for Asia-Based Wealth Solutions According to DBS Private Bank, affluent investors are seeking investment opportunities and wealth management services in Asia , driven by concerns over: Geopolitical tensions , including the US-Iran conflict Rising energy costs Persistent market volatility Some high-net-worth individuals are also exploring secondary family office setups in Asia , highlighting a longer-term shift in wealth allocation strategies. Asia Positioned as a Stability Anchor DBS noted that wealthy clients are prioritising “absolute stability” , with Asia increasingly viewed as a safe and resilient investment hub . The region’s appeal lies in its economic growth prospects, diversified markets, and relative i...