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.
Some of these companies are likely to be in focus on Monday (Nov 21) trade given the recent announcement, rumours and news surrounding them. IOI Corp Bhd return to black Prestariang Bhd gets RM3.54 bil immigration system job from government Ibraco Bhd's 3Q net profit fell 61.1% along with revenue's decline of 46.6% Pintaras Jaya Bhd's 1Q net profit almost doubled on higher construction activities Guan Chong Bhd's 3Q net profit fell 28.6%, on weaker Ringgit BP Plastics Holding Bhd's 3Q net profit fell by 48.9% IOI Corp Bhd return to black IOI Corp Bhd recorded a first quarter net profit of RM104.8 million from a net loss of RM744.4 million a year earlier, on higher income from its upstream and downstream oil palm operations. A filing with Bursa said that significantly lower foreign exchange (forex) loss on its foreign currency-based borrowings also supported profit in the first quarter ended Sept 30, 2016 (1QFY2017). Its ...