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.
Shares of Uber Technologies (UBER.US) and Lyft Inc. (LYFT.US) fell sharply after Waymo , the autonomous ride-hailing subsidiary of Alphabet, announced plans to expand its driverless operations to Miami. Key Developments: As of 12:20 PM ET Thursday , Uber's stock was down 6.22% , while Lyft dropped 6.15% . Waymo plans to deploy its all-electric Jaguar I-PACE vehicles in Miami starting in early 2025 . The company aims to launch its Waymo One ride-hailing service to Miami riders by 2026 , leveraging a new fleet partnership with Moove , a global leader in mobility solutions. Waymo's Growing Footprint: Initially developed in Google's X research lab in 2009, Waymo became a standalone company in 2016. Waymo currently operates electric vehicle ride-hailing services in major markets, including Los Angeles, San Francisco , and Phoenix . Industry Impact: Waymo's expansion represents increased competition for traditional ride-hailing platforms. The move highlights the growing...