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.
Key Highlights HSBC and the International Finance Corporation (IFC) announced a $1 billion program to boost trade financing in emerging markets. The initiative will equally share the risk on a portfolio of trade-related assets held by banks in 20 countries across Africa, Asia, Latin America, and the Middle East. Objective and Scope Addressing the Trade-Finance Gap : Aims to close the $2.5 trillion global trade-finance gap , with a focus on Asia-Pacific , where demand far outpaces supply. Supports cross-border trade and critical export industries to stabilize global supply chains amid geopolitical tensions and trade barriers. Global Reach : Backed by IFC’s Global Trade Liquidity Program , which has facilitated $80 billion in trade volume over the last 20 years. Impact on Emerging Markets Boosting Supply Chains : Enables smoother trade flows in critical sectors, addressing supply-chain uncertainties. Encourages economic resilienc...