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Market Daily Report: Bursa Malaysia Closes Higher On BNM’s OPR Decision, Wall Street Gains

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.
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Malaysia Freezes Electricity Tariff Hike for First Half of 2025

 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

  1. Base Tariff Maintained:

    • The government will retain the current base electricity tariff during this period.

  2. Imbalance Cost Pass-Through (ICPT):

    • No changes to the current rebate and surcharge rates under the ICPT mechanism.

  3. Impact:

    • Ensures stability for households and businesses, avoiding additional financial burdens in the first half of 2025.
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