KUALA LUMPUR, Nov 12 (Bernama) -- Bursa Malaysia extended its losing streak for a fourth consecutive session, closing lower on Thursday amid continued broad-based selling that weighed on market sentiment, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 9.23 points or 0.57 per cent to 1,585.96 from Wednesday's close of 1,595.19. The benchmark index opened 3.61 points lower at 1,591.58 and fluctuated between an intraday low of 1,583.66 and a high of 1,592.89 throughout the day. Market breadth remained negative with losers thumping gainers 799 to 318, while 476 counters were unchanged, 1,181 untraded and 13 suspended. Turnover climbed to 3.06 billion units valued at RM2.56 billion compared with yesterday’s 2.90 billion units valued at RM2.33 billion.
Intel Options Activity Surges as Shares Slide; Competes With Palantir and AMD in Most Active Contracts
Intel’s stock options saw a massive spike in trading Friday as shares tumbled nearly 10%, putting the chipmaker in a three-way battle with Palantir and AMD for the third most active stock option of the day — behind usual leaders Tesla and Nvidia . Key Highlights: Intel’s options volume: ~1 million contracts (quadruple the 20-day average). Put options dominated: 476,540 contracts traded by mid-day, up sharply from Thursday’s 380,939. Most active contract: $17.50 put expiring in 35 days, with 43,840 contracts traded. Stock Performance: Intel shares fell as much as 9.9% to $20.39 , extending this year’s decline to almost 34%. The drop came after Intel’s Q3 gross margin guidance (36%) missed analyst estimates of 37.3%, overshadowing slightly better-than-expected Q2 revenue of $12.86 billion. Market Dynamics: AMD’s contrast: Shares have rallied ~20% over the past year, fueling demand for call options as inves...