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.
Stock Performance Pekat Group Bhd (KL:PEKAT) surged 4% to RM1.22 , marking a new all-time high since its listing nearly four years ago . The stock later settled at RM1.21 , with over 1.5 million shares traded . At its latest price, Pekat's market capitalization stands at RM779 million . Catalysts for the Rally Better-than-expected quarterly earnings , reflecting strong demand in the solar energy sector . Secured a new contract , boosting investor confidence in the company’s growth prospects. Market Sentiment Investors are bullish on renewable energy stocks , with solar installation projects gaining traction . Pekat's continued expansion in the solar industry supports long-term growth potential . Summary: Pekat Group stock hit a new record high , climbing 4% to RM1.22 . Strong earnings and a new contract win fueled the rally. Investor confidence in renewable energy remains strong.