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.
Index Movements: Nasdaq Composite : ▲ +0.3% to 20,730.49 (New Record High) Dow Jones Industrial Average : ▲ +0.5% to 44,254.78 S&P 500 : ▲ +0.3% to 6,263.70 Macro Overview: Markets Rally on Tame Inflation and Trump’s Clarification U.S. equity markets ended higher Wednesday, led by another record close for the Nasdaq Composite , as investors digested softer inflation data and President Trump’s denial of plans to fire Fed Chair Jerome Powell . Markets wobbled midday following reports that Trump asked Republicans about removing Powell due to dissatisfaction over interest rate policy. However, Trump later clarified: "We're not planning on doing it... unless he has to leave for fraud." Investors also welcomed tamer wholesale inflation : June PPI eased to 2.3% YoY , down from 2.7% in May, moving closer to the Fed’s 2% target. This bolsters the case for a potential rate cut , lifting investor sentiment. Movers of the Day: Mega-Cap and Sector Actio...