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.
President Donald Trump has dismissed the recent market selloff , stating that it’s part of the natural market cycle and that both ups and downs are expected. Despite the downturn, Trump is optimistic about the U.S. economy , insisting that the country is on the path to revitalization . Key Points: Market Cycles : Trump acknowledged the market fluctuations but stressed that they are normal, with markets going up and down . He believes the focus should be on rebuilding the country. Rebuilding U.S. Industry : Trump highlighted the importance of rebuilding American factories and creating jobs , criticizing the state of many old factories and the lack of utilization of existing resources. Economic Policy : Trump emphasized that the key to the country’s economic future lies in taxing policies and incentives . He’s working to bring incentives back to the U.S., encouraging businesses to invest in the country rather than offshore ...