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.
Tanco Holdings Bhd’s sharp correction has erased nearly RM5 billion in market value , but the more important question for investors is not just why it fell, but: "Why did the market price it so highly in the first place?" From Momentum to Reality Check Tanco Holdings Bhd had surged more than 50% in 2026 prior to the selloff, briefly pushing its valuation above peers like Sime Darby Property Bhd . Such a sharp re-rating typically reflects: Strong market narratives or expectations Anticipation of corporate developments or value unlocking Heavy momentum-driven participation from retail and traders The Core Investment Insight The recent decline suggests the earlier rally may have been driven more by: Positioning and sentiment , rather than Fundamental earnings visibility When expectations rise faster than fundamentals, the downside can be equally aggressive once: News flow fails to materialise Or uncertainty increases Why This Matt...