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Market Daily Report: Bursa Malaysia Ends Higher On Positive Sentiment, CI Up 0.83 Pct

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia closed higher today, buoyed by supportive local economic policies, positive sentiment from strong technology stocks earnings, and a favourable United States (US) market outlook, an analyst said. Add to that, Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is poised to encourage domestic spending and investment. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.47 points, or 0.83 per cent, to close at its intraday high of 1,634.17, compared to Tuesday’s close of 1,620.70. The benchmark index opened 3.71 points higher at 1,624.41 and subsequently hit a low of 1,623.52 in early trade before trending upwards toward the closing session. Market breadth was positive, with advancers trumping decliners 849 to 352, while 428 counters were unchanged, 765 untraded, and nine suspended. Turnover expanded to 3.39 billion units
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LHDN Warns: No Links Sent via MyTax Portal for Refund Status

The Inland Revenue Board (LHDN) clarified on Monday that it has never sent links to taxpayers through the MyTax portal regarding refund statuses. LHDN emphasized that any notifications from MyTax require proper authorization and warned of strict legal actions against individuals or entities involved in sending false links.

LHDN advises the public to be cautious of suspicious links and messages and reminds taxpayers that spreading false information can lead to prosecution under Section 505 of the Penal Code and Section 233 of the Communications and Multimedia Act (CMA).

For accurate information, taxpayers should use official channels:

LHDN reaffirms its commitment to enhancing taxpayer confidence by maintaining service quality and addressing such issues proactively.

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