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.
Expanding White House Control President Donald Trump has been taking unprecedented steps to exert direct control over private companies — an approach more commonly seen in economic crises. His administration has negotiated ownership stakes, revenue-sharing deals, and veto power over corporate actions. So far, investors have mostly benefited , though the long-term outlook remains uncertain. Government-Backed Companies and Market Reactions Intel (INTC) The U.S. government took a 10% stake in Intel after Trump pressured its CEO to resign. Since the deal in August, Intel’s shares have risen 24% , far outpacing the S&P 500’s 1.8% gain in the same period. MP Materials (MP) The Department of Defense bought 15% of the rare earths miner. Shares have doubled since the news of government involvement, making rare earths one of the biggest winners. Lithium Americas Currently in talks with the government for a deal similar to...