Bursa Malaysia rises as Bank Negara holds OPR steady amid Trump victory

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KUALA LUMPUR: Bursa Malaysia closed higher today, buoyed by increased risk appetite after Bank Negara kept the overnight policy rate unchanged at 3%, amid Donald Trump 's claimed victory in the U.S. presidential election, which strengthened the US dollar.

Earlier, Bank Negara announced that it had kept the OPR unchanged at 3%, as widely expected, noting that this level supports Malaysia's economy and aligns with its assessment of inflation and growth prospects. Meanwhile, the ringgit fell 1.13% against the greenback, reaching 4.4028, and declined 0.23% against the Singapore dollar, standing at 3.3064 on the forex market.

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