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.
Meta Platforms (NASDAQ: META) has launched a $30 billion public bond offering , the largest U.S. investment-grade corporate issuance this year , according to Bloomberg. The move comes just days after the company reported disappointing quarterly earnings and signaled plans to ramp up spending on artificial intelligence. Strong Investor Demand Sources said Meta received an estimated $125 billion in orders , setting a record level of investor demand for a U.S. corporate bond deal. The bonds will be issued in six tranches , reflecting broad interest across maturities. This strong appetite underscores investors’ confidence in Meta’s long-term financial stability and AI-focused growth strategy , despite short-term earnings weakness. AI Spending Push In its latest update, Meta reaffirmed plans to “aggressively” boost AI-related investment , focusing on building next-generation infrastructure and integrating AI tools across...