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.
The US Federal Trade Commission (FTC) released a report on Thursday criticizing social media companies for their inadequate data management practices and the lack of transparency regarding how user data is used by artificial intelligence systems . The report highlights major platforms like Meta , TikTok , and Twitch , among others, revealing how they collect, share, and retain vast amounts of user information with minimal user control. The report found that the data management policies of these companies, including YouTube , X (formerly Twitter) , Snap , Discord , and Reddit , are insufficient to protect users' privacy. Although specific companies' practices were anonymized, the FTC emphasized that data tracking technologies used for online advertising and data purchased from brokers create privacy risks that could lead to harms like identity theft and stalking . FTC Chair Lina Khan criticized the companies' reliance on surveillance practices , noting that these stra...