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.
U.S. Treasuries strengthened on Wednesday after the Federal Reserve delivered its third straight 25bps rate cut , easing concerns that policymakers were preparing to pause. Traders maintained expectations for two additional cuts in 2026 , despite the Fed’s projections signalling only one. Short-End Leads Rally Yields fell across the curve: 2-year yield dropped almost 8bps to 3.54% — its biggest one-day drop in two months Longer-dated yields also retreated from multi-month highs Treasuries extended gains after Fed Chair Jerome Powell highlighted concerns over weaker hiring . Bond managers described the move as a relief rally , noting fears of a more hawkish message did not materialize. Fed Cuts, But Divisions Deepen The Fed lowered the benchmark rate to 3.50%–3.75% . The decision included three dissents : Two officials preferred no cut One supported a larger 50bps reduction Powell said the Fed is no...