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.
$BlackBerry (BB.US)$ stock soared 18% on Monday after the company announced the sale of its Cylance cybersecurity division to Arctic Wolf , a U.S.-based cybersecurity firm. Key Details of the Deal : Transaction Value : BlackBerry will receive $160 million , including: $80 million in cash at closing $40 million in cash one year after closing 5.5 million Arctic Wolf shares , marking BlackBerry's stake in the privately held firm. Original Cost : BlackBerry had acquired Cylance in 2019 for $1.4 billion , making the sale price a steep markdown. Why the Sale? Intensified Competition : Cylance, known for its AI-driven endpoint protection solutions , has faced growing challenges in retaining customers. Revenue Struggles : Despite broader growth in the cybersecurity market, Cylance's performance lagged due to customer churn and increased competition. Strategic Review : In October, BlackBerry indicated that it was exploring strategic options for Cylance , ultim...