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.
Wendel SE , a Paris-based investment firm, has agreed to acquire a majority stake in Monroe Capital , a Chicago-based private credit manager that handles nearly $20 billion in assets , according to sources familiar with the matter. The deal includes an additional $1 billion capital commitment to expand Monroe’s business and seed new funds, furthering Wendel’s presence in the booming private credit sector. The acquisition is part of a growing trend where firms like Apollo Global Management , Blackstone , and Ares Management are pursuing similar expansions. Monroe Capital, founded in 2004 by Theodore Koenig , specializes in providing private credit to borrowers across the US and Canada . The firm’s sale follows a wave of recent private credit deals, including TPG’s $2.7 billion purchase of Angelo Gordon and BlackRock’s acquisition of Global Infrastructure Partners for $12.5 billion. The official announcement of Wendel's acquisition could be made as early as Tuesday, though detail...