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.
Oracle Corp has projected that its annual revenue will rise to at least $104 billion (RM447.68 billion) by fiscal 2029 , signaling strong growth prospects for its cloud infrastructure business . This optimistic forecast was presented by Executive Vice President Doug Kehring during Oracle’s annual financial analysts' briefing. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion , up from its previous target of $65 billion . This revised forecast exceeds analysts' average estimate of $64.5 billion for 2026, according to a Bloomberg survey. The Austin-based software giant, best known for its database software , is aggressively expanding its presence in the cloud infrastructure market —a space where it competes with Amazon.com Inc , Microsoft Corp , and Alphabet Inc's Google by renting out computing power and storage. Oracle's cloud platform has gained recognition for its performance with generative artificial intelligence (AI) workloads , with ...