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.
President Donald Trump said on Wednesday that CNN should be sold or placed under new leadership , regardless of which company ultimately acquires Warner Bros. Discovery, putting the media company at the center of a growing political and corporate battle. Trump: “It’s imperative that CNN be sold” Speaking at the White House, Trump said any buyer of Warner should ensure CNN is either included in the deal or sold separately. “I think it’s imperative that CNN be sold,” he said. “I don’t think the people running that company right now should be allowed to continue.” Behind the scenes, Trump has been telling allies that CNN needs new ownership or leadership, even if Netflix’s offer for Warner is approved. Mega Bids Complicate CNN’s Future Two major bids are on the table: Netflix’s US$72 billion deal , covering Warner’s studios and HBO Max — but NOT CNN Paramount’s US$77.9 billion hostile bid , which includes all cable networks, including CNN Paramount CEO David Ellison repor...