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.
Chinese stock investors are experiencing a surge of enthusiasm as the CSI 300 Index recorded its biggest gain since 2008, officially entering a bull market. This significant rally has been driven by a wave of stimulus measures from the government aimed at easing housing woes, creating a sense of urgency among retail investors to capitalize on the market's momentum. In just five trading sessions, the frenzy has captivated traders like Shao Qifeng , chief investment officer at Ying An Asset Management Co., who reports an influx of inquiries about whether now is the right time to invest. "On the surface, I’m keeping my cool, but deep down in my heart, I’m celebrating," he noted, reflecting the sentiment shared by many market participants. The excitement is palpable, as trading turnover has reached record highs, overwhelming brokerages with applications and requests to open new trading accounts. The rush follows the relaxation of homebuyer rules in three major Chinese citi...