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.
Granite Asia Raises Over US$350 Million for Pan-Asia Private Credit Fund Backed by Temasek, Khazanah, INA
Granite Asia has secured more than US$350 million in the first close of its new Pan-Asia private credit fund, attracting commitments from major Southeast Asian state investors including Temasek , Khazanah Nasional , and the Indonesia Investment Authority (INA) . The strategy, known as Libra Hybrid , is targeting a total fund size of US$500 million . In addition to the three sovereign anchors, the fund drew capital from global institutional investors, sovereign funds, and Granite Asia’s own partners. Temasek invested through its private credit platform Aranda Principal Strategies , the firm said. Granite Asia added that roughly 30% of the committed capital has already been deployed across six transactions . Private Credit Growth Across Asia The launch comes as Asia’s private credit market continues accelerating. According to a report by the Alternative Investment Management Association and several advisory firms, the...