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Market Daily Report: Bursa Malaysia Ends Higher On Positive Sentiment, CI Up 0.83 Pct

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
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Wife of Disgraced Three Arrows Founder Sells US$39M Singapore Mansion Despite Asset Freeze

Evelyn Tao Yaqiong, the wife of Zhu Su, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has sold her Singapore mansion for S$51 million (US$38.5 million). The luxury property, located on Dalvey Road near the Singapore Botanic Gardens, was initially purchased for S$28.5 million in 2020 and redeveloped before its recent sale.

Despite a court-imposed freeze on some of Zhu and Tao’s assets, this property transaction went through successfully. Zhu’s fortunes have sharply declined since 3AC’s collapse in 2022, which led to regulatory bans and a brief jail term due to non-compliance with liquidation efforts.

The mansion was acquired by Chrispianto Karim, a member of the Indonesian Karim family, which owns the Musim Mas Group, a major palm oil conglomerate based in Singapore.

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