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.
Tanco Holdings Bhd's 79%-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), has signed a memorandum of understanding (MOU) with Hong Kong-listed Cosco Shipping Ports Ltd to explore a partnership for operating and managing its proposed smart AI container port in Port Dickson, Negeri Sembilan. Strategic Collaboration The MOU facilitates discussions between the two parties to establish a strategic relationship for the port's operations and management. Cosco Shipping, a globally recognized port logistics provider, is expected to bring its expertise to the project. “The MOU aims to develop a strategic relationship with a reputable and experienced global leader in port logistics for the operation and management of the port project,” Tanco stated in its Bursa Malaysia filing. Development Milestones June 2024: MHSB signed an earlier MOU with CCCC Dredging (Group) Co Ltd, one of the world's largest dredging firms, to assist in port development. January 2024: Malaysia’s Ministry o...