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.
Malaysia Weekly Market Recap (March 3 - 7, 2025): Market Sentiment Remains Cautious Amid Global Concerns
Bursa Malaysia closed the week on a cautious note , continuing its downward trend due to weaker regional market sentiment . The sell-off was largely driven by growing fears of a global trade war , which has raised concerns about the potential impact on the global economy and investor appetite for equities. Key Events: Nation Gate Bhd (KL: NATGATE) : The stock closed at limit-down levels , amid news of an ongoing investigation by Singapore authorities into the company’s server shipments. This investigation raised concerns over its operational transparency. Other Notable Updates: Capital A (KL: CAPITALA) : Gained approval from Bursa Malaysia for its proposed regularisation plan , which is a crucial step towards lifting its Practice Note 17 (PN17) status, signaling progress towards financial stability. UEM Edgenta (KL: UEMS) : Secured a three-year extension to its concession agreement with the government to provi...