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.
Netflix Inc. has officially exited the bidding war for Warner Bros. Discovery Inc. , clearing the path for Paramount Skydance Corp. to proceed with its US$111 billion takeover. Netflix shares jumped 13% after-hours. That reaction is the real story. 1️⃣ The Market Rewarded Discipline, Not Size Netflix refused to match the higher US$31 per share offer. Instead of stretching its balance sheet: It preserved capital Avoided integration risk Avoided regulatory drag Avoided legacy cable exposure Investor Signal: In 2026, capital allocation discipline is worth more than empire-building. 2️⃣ Paramount Just Shifted Into High-Leverage Mode Paramount’s winning bid includes: US$57.5B committed debt financing US$2.8B termination payment to Netflix US$7B regulatory failure protection Add in political scrutiny and Senate hearings. This is now: A leverage-heavy transaction A synergy-dependent story A regulatory-risk discount situation Risk profile increased materially. 3️⃣ Netfli...