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.
In a highly unusual move, President Donald Trump visited the Federal Reserve's historic headquarters on Thursday—only the fourth such visit by a sitting president since 1937. While the official reason was to inspect the $2.5 billion renovation of the Eccles Building, Trump made it clear his real agenda was pushing Fed Chair Jerome Powell to cut interest rates. Trump’s Message to Powell: Cut Rates—Now Trump told reporters he would “love [Powell] to lower interest rates,” arguing the current rate of 4.375% should be “three points, maybe more” lower. He claimed inflation is easing and the economy remains strong , suggesting Powell is “too late” in responding. Behind the Scenes of the Fed Visit Trump toured the building alongside Powell and lawmakers including Sen. Tim Scott and Sen. Thom Tillis . The renovation has drawn criticism for its cost and features like rooftop garden terraces and blast-proof windows. Reporters noted quirk...