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.
Macquarie Equity Research has identified Malaysia as a leading market for data centre growth in Asean, emphasizing the country’s strong potential due to an upcoming, improved renewable energy scheme. The new Corporate Renewable Energy Supply Scheme (CRESS), expected in September, aims to resolve bottlenecks in solar power supply, enhancing Malaysia's attractiveness for data centre investments. Key Takeaways: Malaysia's Position in Asean Data Centre Market : Malaysia is poised for significant growth in data centre demand, with a forecast of 5.6 Gigawatts (GW) over the next 10 years, placing it just behind India. This growth is driven by expanding digital infrastructure needs and renewable energy initiatives, despite alternative forecasts by DC Bytes placing Malaysia third behind India and Japan. Top Picks for Data Centre Investments : Macquarie has named Tenaga Nasional Bhd and YTL Power International Bhd as top picks to benefit from the data centre boom. Tenaga is set to capita...