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.
President-elect Donald Trump is considering Paul Atkins , a former SEC commissioner and a prominent advocate for digital assets , to replace outgoing SEC Chair Gary Gensler , according to Bloomberg. What’s Happening: Atkins, who served under the George W. Bush administration , is among the top contenders for the role. Known for his push for clear, balanced cryptocurrency regulations , Atkins could reshape the SEC’s stance toward cryptocurrencies and financial technology . Since leaving the SEC, he has led Patomak Global Partners , a consultancy advising major financial firms, and has advocated for streamlining regulatory processes to encourage innovation. Other candidates reportedly in the running include: Mark Uyeda , current SEC Commissioner Heath Tarbert , former CFTC Chair Robert Stebbins , partner at Willkie Farr & Gallagher LLP Trump’s Crypto-Friendly Stance: Trump’s campaign promises to end the SEC’s "anti-...