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.
Market Movers & Bold Bets Opendoor (OPEN) just pulled off a jaw-dropping 200% rally in a month , catching fire after EMJ Capital’s Eric Jackson called it a potential “100-bagger.” With Zillow and Redfin bowing out of iBuying, Opendoor is left holding the crown. Jackson’s math? $12B revenue x 5x multiple = $82 stock target (from $0.82!) Golden Silence Before the Storm Gold prices stay cool ahead of ECB talks and Powell’s speech , hovering around $3,354/oz. Investors are eyeing central bank cues and trade tensions, while demand in India remains sluggish. Other metals? Quietly creeping up: → Silver +0.2% | Platinum +0.4% | Palladium +0.6% Earnings Avalanche This Week Brace yourself. Major players are stepping up: 🟠 Monday : Verizon, Domino’s 🟠 Tuesday : Coca-Cola, Lockheed Martin, GM 🟠 Wednesday : Google, Tesla, IBM 🟠 Thursday : Intel, Nasdaq, Honeywell 🟠 Friday : Phillips 66, Charter Comm. All eye...