KUALA LUMPUR, July 31 (Bernama) -- Bursa Malaysia ended higher on Friday as investors continued to accumulate blue-chip stocks in line with stronger performances across most regional markets. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.50 points to 1,724.90 from yesterday’s close of 1,720.40. The benchmark index opened 0.83 of a point higher at 1,721.23, and moved between 1,715.67 and 1,730.12 throughout the day. The broader market was positive with gainers outpacing losers 707 to 402, while 547 counters were unchanged, 1,085 untraded and 56 suspended. Turnover expanded to 3.03 billion units valued at RM3.56 billion from 2.49 billion units valued at RM2.25 billion on Thursday.
Walt Disney Co has announced another round of corporate-level job cuts as part of ongoing efforts to improve profitability. In a statement on Wednesday, Disney said it had been reviewing its cost structure and identified ways for certain corporate functions to operate more efficiently. This latest round of layoffs reportedly affects about 300 employees in departments such as legal, human resources, finance, and communications , according to Deadline . However, divisions like ESPN and theme parks were not impacted in this wave. Disney began cost-cutting measures last year, which included eliminating 8,000 positions . Like other media giants such as Paramount Global and Warner Bros Discovery Inc , Disney has been grappling with the shift away from traditional TV toward the growing popularity of streaming services .o