KUALA LUMPUR, April 3 (Bernama) -- Bursa Malaysia closed marginally lower on Friday, as cautious sentiment persisted, with investors remaining on the sidelines amid ongoing conflicts in West Asia, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.80 points, or 0.16 per cent, to 1,695.50 from Thursday’s close of 1,698.30. The benchmark index opened 5.82 points higher at 1,704.12, and moved between 1,693.65 and 1,708.12 throughout the day. However, market breadth remained positive, with gainers outnumbering losers 634 to 415, while 521 counters were unchanged, 1,077 untraded and 10 suspended. Turnover improved to 3.38 billion units worth RM2.95 billion from yesterday’s 3.20 billion units worth RM3.50 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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