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.
Singapore’s economy expanded 2.9% year-on-year in the third quarter , slower than the revised 4.5% growth recorded in the previous quarter, but still ahead of economists’ expectations of 1.9%, according to advance estimates from the Ministry of Trade and Industry (MTI) . Manufacturing Stalls Amid Tariff Pressures Growth was dampened by weak manufacturing activity , which was unchanged from a year earlier after rising 5.0% in the second quarter. The slowdown reflects the ongoing impact of U.S. tariffs on Singapore’s exports and ripple effects across regional supply chains. Non-oil domestic exports fell for a second consecutive month in August , as earlier front-loading of shipments ahead of tariff hikes faded. Although the 10% U.S. tariff on Singapore’s goods is among the lowest in Asia, the city-state’s export-driven economy remains highly exposed to external headwinds, especially in ph...