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.
Vietnam's President To Lam pledged to enhance the country's semiconductors and artificial intelligence (AI) industries during meetings with top US corporations in New York. These efforts come as Vietnam seeks to attract more investment from American tech firms and other leading companies. On his first visit to the US as president, Lam is scheduled to meet with US President Joe Biden later on Wednesday. In earlier meetings, he engaged with companies such as Apple , Meta , Blackstone , and Warburg Pincus . Meta's Nick Clegg, President of Global Affairs, shared plans to produce virtual reality glasses in Vietnam, reflecting the country's growing appeal to global tech firms. At a business forum, Lam signed cooperation agreements with US firms in areas like energy , AI , and a data center , further underlining Vietnam’s commitment to advancing its digital economy . Other participants included representatives from Amazon , Visa , Procter & Gamble , and AES . Ted...