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.
Ownership structure matters — and last week proved it. Flaircomm Microelectronics (SZSE:301600) jumped 14%, rewarding the top two shareholder groups in a big way: 🏢Private Companies (37% Ownership) ✔️ They gained the most — and now have even more influence over management . ✔️ Their stake hints at strong inside networks and potential long-term backing. Insiders (35% Ownership) When management owns big, it’s a sign they believe in their own company. This insider group made CN¥3.9B from the recent rally alone! Ownership Breakdown: Top 2 shareholders control 69% of the company General public holds 25% , offering retail investors a voice Institutions own <5% , suggesting room for future fund inflows Why It Matters: High insider + private ownership often leads to strong internal alignment But it also raises governance questions — who’s really in charge? With low institutional presence, this stock could see future fund interest as it g...