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.
Billionaire Changpeng Zhao , the co-founder of Binance Holdings Ltd. , has vowed to continue investing in blockchain , artificial intelligence , and biotechnology following his release from US custody. In his first public comments since serving a four-month sentence , Zhao took to social media platform X to outline his long-term investment plans, emphasizing his focus on “ impact, not returns .” Zhao's release comes after Binance faced a $4.3 billion penalty under a plea deal to settle charges that allowed criminals and terror groups to use the exchange. As part of the agreement, Zhao personally paid a $50 million fine and stepped down as CEO of Binance, handing leadership over to Richard Teng . Binance will now face years of compliance monitoring by the Justice Department and the US Treasury’s Financial Crimes Enforcement Network . Zhao, who has a net worth exceeding $30 billion , also announced plans to launch Giggle Academy , a nonprofit online education platform, and ple...