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 just sent shockwaves through the sweetener market — and investors in high-fructose corn syrup (HFCS) stocks felt the sting. In a Truth Social post , Trump announced that Coca-Cola (KO) has agreed to replace HFCS with real cane sugar in U.S. products. The move, he claims, follows personal discussions with Coke. Market Reaction: ADM (Archer Daniels Midland) : ↓ 5.6% to $51.00 (after-hours) Ingredion (INGR) : ↓ 7.7% to $124.90 (after-hours) Coca-Cola (KO) : ↓ 0.13% (minor move) Why It Matters: Both ADM and Ingredion are major suppliers of high-fructose corn syrup — a core sweetener in U.S. soft drinks. If Coca-Cola shifts to cane sugar, HFCS demand could take a hit , especially if other beverage giants follow suit. This policy-driven change could have wide-reaching implications for processed food and beverage makers reliant on corn-based sweeteners. MoneyMaster Take: Not just a Coke story :...