KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
Walt Disney is planning to cut up to 1,000 jobs , as part of a broader effort to streamline operations and reduce costs, according to reports. Job Cuts Target Marketing Division The layoffs, which represent less than 1% of Disney’s workforce , are expected to occur in the coming weeks, with a significant portion impacting the marketing department . As of fiscal 2025, Disney employed approximately 231,000 staff globally , highlighting that the cuts are relatively modest in scale but strategically targeted. Strategic Shift Under New Leadership The restructuring initiative was reportedly set in motion before CEO Josh D'Amaro took over in March , suggesting it is part of a longer-term efficiency plan . A key component of the strategy involves centralising marketing operations under a unified structure. New Chief Marketing Officer Asad Ayaz is leading the initiative, known internally as “Project Imagine” , ai...