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.
The European Union (EU) has instructed Apple to halt geo-blocking practices across its services, including App Store, Apple Arcade, Music, iTunes Store, Books, and Podcasts . Geo-blocking limits content availability based on users' geographical location, restricting access to specific services or content. The European Commission has identified multiple cases of geo-blocking in Apple's media services, giving the company a one-month deadline to address the issue . If Apple fails to take corrective action, enforcement measures by national regulators within the EU could follow. European Commissioner Margrethe Vestager emphasized the EU’s commitment to ending geo-blocking, saying that "no company, big or small, should unjustly discriminate against customers based on nationality or location." This step is part of a broader EU effort to eliminate unjustified geo-blocking , ensuring that consumers across the EU have equal access to digital services regardless of loca...