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.
Nvidia surged higher as bullish options activity exploded, with traders placing massive bets that the AI-driven rally still has room to run . What Happened NVIDIA jumped about 5% , breaking above a key technical level known as a “call wall” (~$205) — often seen as resistance. At the same time: A trader paid $57 million for call options (bullish bet) The trade covers 524,000 shares at $195 strike Breakeven: $216.75 within ~72 days This means the buyer is betting Nvidia will continue climbing significantly from current levels (~$205) . Smart Money Signal Another key move: A trader sold put options at $202.50 Collected $2.12 million premium This is important because: Selling puts = betting the stock will NOT fall below that level Signal: Big players see $202–205 as a strong support zone Gamma Effect Supporting the Rally Gamma Flip level: ~$202.65 Nvidia is currently above this level ...