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.
Singapore is set to open discussions with the US on pharmaceutical supply chain issues , as the city-state responds to rising global trade tensions under President Donald Trump's administration. Pharmaceuticals in Focus Deputy Prime Minister Gan Kim Yong emphasized that pharma supply chains are “very complex and long,” making uninterrupted trade vital. Talks with the US Commerce Department will explore how to maintain smooth trade flows between both nations. Trump hinted that pharma firms could get a one-year grace period before any proposed 200% tariff on foreign-made drugs is implemented. Singapore’s pharma industry at a glance: Home to major players like Pfizer, Amgen, and Merck . Pharmaceuticals account for over 10% of Singapore’s exports to the US . What About Semiconductors? Once pharma discussions conclude, semiconductors are expected to be next on the agenda. Singapore produces around 10% of the world’...