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.
Blackstone Inc. is intensifying its focus on expanding its international credit business, targeting significant growth in debt investments, including local-currency investments. This strategic move comes as the private credit market continues to expand rapidly, drawing both interest and scrutiny from regulators. Key Highlights Expansion Strategy : Global Focus : Gilles Dellaert, global head of credit and insurance at Blackstone, emphasized the firm's commitment to scaling its operations in Europe and Asia. Private Investment-Grade Credit : Blackstone is expanding into the private investment-grade credit sector, which represents a market opportunity of $25 trillion to $50 trillion. This includes asset-backed financing beyond corporate loans. Market Dynamics : Private Credit Market : The global private credit market, valued at $1.7 trillion, is attracting investors due to higher yields and better spreads compared to public markets. Investor Interest : Investors are increasingly pou...