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.
Key Takeaway U.S. stock futures showed slight gains Sunday night as investors looked ahead to this week’s inflation reports, which could influence the Federal Reserve’s next moves. Meanwhile, oil prices climbed modestly after OPEC+ confirmed it will raise production at a slower pace from October. Market Futures Snapshot Dow Jones Futures (YM00): +60 points (+0.1%) S&P 500 Futures (ES00): Flat to slightly higher Nasdaq-100 Futures (NQ00): Positive territory after early dip Gold: Slight decline, holding below recent highs Bitcoin: Flat trading U.S. Dollar Index (DXY): Higher Last week’s jobs data rattled investors, sending the Dow lower for a second straight week (-0.3%), while the S&P 500 (+0.3%) and Nasdaq (+1.1%) managed weekly gains. Inflation Data in Focus This week, markets will be watching: Producer Price Index (PPI) – Wednesday Consumer Price Index (CPI) – Thursday Jobs data revisions ...