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.
US investment firm KKR is exploring participation in Thames Water’s £3 billion share sale , according to Sky News, as part of a broader recapitalisation effort for Britain’s largest water utility. Thames Water, currently managing significant challenges from sewage issues, aging infrastructure, and mounting debt , announced last month it had secured a provisional financing deal with creditors to sustain operations for at least another year . The utility serves approximately 16 million people in London and surrounding areas . According to the report, KKR’s involvement hinges on regulatory approval from water regulator Ofwat , expected by January. However, one potential hurdle for KKR may be its existing 25% stake in Northumbrian Water , which would require a Competition and Markets Authority review under Ofwat’s mergers regime. The UK government has remained on alert , prepared to take Thames Water into special administration if necessary, to prevent potential financial collapse.