KUALA LUMPUR, Aug 18 (Bernama) -- Bursa Malaysia ended higher on Tuesday, outperforming most regional markets as investors continued to rotate towards commodity and plantation-related stocks, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.47 points, or 0.43 per cent, to 1,733.36 compared with Monday’s close of 1,725.89. The benchmark index opened 1.63 points higher at 1,727.52, and fluctuated between 1,723.60 and 1,734.53 throughout the day. On the broader market, losers outpaced gainers 762 to 438, while 576 counters were unchanged, 1,075 untraded and 16 suspended. Turnover expanded to 3.74 billion units valued at RM2.91 billion from 3.45 billion units valued at RM2.74 billion on Monday.
Yesterday, the Kuala Lumpur High Court today dismissed the Home Ministry's application to stop The Edge Weekly and The Edge Financial Daily from resuming publication, pending the outcome of its appeal.
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| The Edge publication can resume pending outcome from appeal |
Among other things, Asmabi had said that Zahid was himself "in doubt" on whether The Edge had published its articles by relying on allegedly unverified information on online news portals, especially Sarawak Report.
In the legal challenge filed by The Edge, the home minister and the Home Ministry’s secretary-general are named as respondents.
A hearing date has yet to be fixed at the Court of Appeal for the government's appeal against the September 21 ruling, Loke said.
She also disagreed that the High Court's decision today would render the government's appeal academic.
"It is not academic because we are still going to argue that the decision of minister is right. If we are successful in that, of course the Court of Appeal would dismiss the damages assessment as well," she said.
She said no date has been fixed for the assessment of damages to be awarded to The Edge for its September court victory, adding that the publisher's lawyers did not object to the government's application for stay of that matter.
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