KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran conflict, alongside Malaysia’s stronger Industrial Production Index (IPI) data. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. The benchmark index opened 10.68 points higher at 1,684.85, its lowest point today, and hit a high of 1,703.61 in the late afternoon session. Market breadth was positive, with gainers thumping losers 929 to 382. A total of 361 counters were unchanged, 982 untraded and 19 suspended. Turnover declined to 3.60 billion units worth RM3.75 billion from yesterday’s 5.52 billion units worth RM5.87 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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