The Bursa Malaysia KLCI closed higher on 5 November, buoyed by Bank Negara’s decision to hold the OPR. The FBM KLCI climbed from Wednesday’s close of 1,616.56 to finish at 1,635.86.
Why Did the Bursa Malaysia KLCI Close Higher on 5 November?
The index opened 6.72 points higher at 1,623.28. It then traded between an intraday low of 1,622.62 and a high of 1,642.44.
Bank Negara kept the OPR at 2.75 per cent, and positive cues from Wall Street supported sentiment. Regional equities were mixed.
Which Banking Stocks Drove the Gains?
Maybank rose 26 sen to RM10.16, while CIMB climbed 24 sen to RM7.15.
Public Bank advanced 19 sen to RM4.96, and Hong Leong Bank improved 96 sen to RM22.20.
The FBM Financial Services Index leapt 542.60 points to 19,128.92. Hong Leong Financial added 38 sen to RM17.84.
Rakuten Trade vice-president of equity research Thong Pak Leng said the strong buying interest in banking heavyweights supported the index. He said the move suggests “renewed institutional buying interest, although broader market participation remains relatively subdued.”
Why Did Market Breadth Turn Negative?
Losers outnumbered gainers 723 to 497. A further 466 counters were unchanged, 1,075 were untraded and 10 were suspended.
Tenaga Nasional eased four sen to RM13.10, and IHH Healthcare fell six sen to RM7.72.
The FBM Mid 70 Index slumped 156.52 points to 17,354.73. The FBM ACE Index dropped 98.13 points to 5,322.65.
How Much Did Bursa Malaysia Turnover Rise?
Total turnover rose to 3.74 billion units valued at RM3.61 billion, compared with 2.81 billion units worth RM2.57 billion on Wednesday.
- Main Market: 1.89 billion units worth RM3.29 billion, up from 1.49 billion units worth RM2.30 billion.
- Warrants: 1.45 billion units worth RM157.16 million, up from 899.12 million units worth RM104.16 million.
- ACE Market: 395.36 million units worth RM162.15 million, down from 426.08 million units worth RM165.95 million.
Consumer products and services counters traded 359.64 million shares on the Main Market. Industrial products and services recorded 335.80 million shares, and technology logged 307.03 million.
Which Stocks Led the Top Gainers and Losers?
Nestle led the top gainers, rising RM2.50 to RM96.00. Allianz garnered 40 sen to RM19.92, and Fraser & Neave added 26 sen to RM21.22.
MPI fell RM1.74 to RM38.88, and Mega Fortris tumbled 71 sen to RM1.83. UWC sank 61 sen to RM6.59, while Petronas Chemicals slid 39 sen to RM4.31.
In active trade, AirAsia traded at 53.5 sen and Capital A gained 2.5 sen to 25.5 sen. GIIB shed 9.5 sen to 32 sen.
What Did Regional Markets and Oil Do on the Same Day?
Brent crude retreated as hopes of easing tensions in West Asia grew. A lower US 10-year Treasury yield and a softer US dollar also supported regional sentiment.
Hong Kong’s Hang Seng rose 3.67% to 24,796.98, while South Korea’s Kospi fell 5.28% to 5,383.80. Japan’s Nikkei 225 slipped 1.79% to 61,077.90, and Singapore’s Straits Times Index gained 0.52% to 5,296.25.
Thong said volatility in regional technology stocks and uncertainty over US policy could limit the recovery. He added that “improving external conditions, coupled with attractive valuations following the recent correction, should encourage further accumulation of fundamentally sound blue-chip stocks.”
Which Bursa Stocks Are Worth Monitoring Next?
Analysts note that banking stocks led the rebound, so Maybank, CIMB and Public Bank are worth monitoring for further institutional flows. Investors can also track the FBM Emas Index, which rose 56.85 points to 12,134.84.
Readers who screen stocks with data may find our AI Stock Analysis for Malaysians guide useful.
Key Takeaways
- The FBM KLCI rose 19.30 points, or 1.19%, to 1,635.86 after Bank Negara kept the OPR at 2.75%.
- Maybank rose 26 sen to RM10.16 and CIMB climbed 24 sen to RM7.15.
- Losers outnumbered gainers 723 to 497, so the rally was concentrated in banking heavyweights.
- Turnover rose to RM3.61 billion from RM2.57 billion on Wednesday.
- Regional markets were mixed, with Hong Kong’s Hang Seng up 3.67% and Kospi down 5.28%.
Disclaimer: This article is for general information only and does not constitute investment advice or a recommendation to buy, sell or hold any security. Figures are from the Bernama market report dated 5 November. Always do your own research before making any investment decision.
Frequently Asked Questions
Where did the FBM KLCI close on 5 November?
The FBM KLCI rose 19.30 points, or 1.19%, to close at 1,635.86. It had closed at 1,616.56 on Wednesday.
How much did Maybank shares rise on 5 November?
Maybank rose 26 sen to RM10.16, making it the strongest of the banking heavyweights in the Bernama report. CIMB climbed 24 sen to RM7.15 over the same session.
How much did Bursa Malaysia turnover rise?
Turnover rose to 3.74 billion units valued at RM3.61 billion. That compares with 2.81 billion units worth RM2.57 billion on the previous day.
How did the FBM Financial Services Index perform?
The FBM Financial Services Index leapt 542.60 points to 19,128.92. Hong Leong Bank and Hong Leong Financial were among the stocks that gained within the sector.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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