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.
Wall Street ended Thursday lower as renewed U.S.-China trade tensions and concerns over bad loans at several U.S. banks overshadowed upbeat earnings from Taiwan Semiconductor Manufacturing Co. (TSMC) . Market Overview All three major U.S. stock indices closed in the red: Dow Jones Industrial Average fell 301.07 points (0.7%) to 45,952.24 S&P 500 Index slipped 0.6% to 6,629.07 Nasdaq Composite Index lost 0.5% to 22,562.54 The declines came amid heightened uncertainty around trade relations and banking sector health, leading to a shift toward safe-haven assets such as gold and silver , which both surged to record highs. Trade Tensions Add to Market Volatility The U.S.-China trade dispute reignited after Beijing imposed new export controls on rare earth metals , key materials for electric vehicles and high-tech products. In response, President ...