KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25. The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended. Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.
The Ministry of Energy Transition and Water Transformation announced that electricity tariffs in Peninsular Malaysia will remain unchanged from Jan 1 to June 30, 2025.
Key Points
Base Tariff Maintained:
- The government will retain the current base electricity tariff during this period.
Imbalance Cost Pass-Through (ICPT):
- No changes to the current rebate and surcharge rates under the ICPT mechanism.
Impact:
- Ensures stability for households and businesses, avoiding additional financial burdens in the first half of 2025.
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