KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said. Add to that, Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is poised to encourage domestic spending and investment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.47 points, or 0.83 per cent, to close at its intraday high of 1,634.17, compared to Tuesday’s close of 1,620.70. The benchmark index opened 3.71 points higher at 1,624.41 and subsequently hit a low of 1,623.52 in early trade before trending upwards toward the closing session. Market breadth was positive, with advancers trumping decliners 849 to 352, while 428 counters were unchanged, 765 untraded, and nine suspended. Turnover expanded to 3.39 billion units
McDonald’s Corp has announced the return of its popular Quarter Pounders to restaurant menus across the US this week, following an E. coli outbreak that sickened dozens and resulted in one death. The burgers will be served without onions, which have been identified as the likely source of the contamination.
The fast-food giant temporarily removed Quarter Pounders from about 20% of its 13,000 US locations as part of an investigation into the outbreak. However, McDonald’s confirmed that its beef patties were not the cause, after multiple tests conducted by the Colorado Department of Agriculture found no traces of E. coli in samples from both fresh and frozen beef.
“The issue appears to be contained to a particular ingredient and geography,” McDonald’s stated, assuring customers that any contaminated products have been removed from the supply chain. Taylor Farms, the supplier of the slivered onions, has also recalled several batches of the product.
McDonald’s US President Joe Erlinger issued an apology, emphasizing the company’s commitment to safety and pledging to make things right for affected customers.
The Centers for Disease Control and Prevention (CDC) has reported 75 cases of illness and one death across 13 states, with the majority of cases in Colorado. Despite the outbreak, the CDC has stated that the risk to the public is “very low,” thanks to actions taken by McDonald’s and its supplier.
Other fast-food chains have also temporarily removed onions from their menus as a precaution against the E. coli contamination.
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