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.
The Ministry of Finance (MOF) announced that the Budi95 targeted fuel subsidy has been extended to boat users in Sarawak , following its rollout to Sabah fishermen last week. Under the latest expansion, over 1,400 registered private boat users in Sarawak are now eligible for Budi95, based on data from the Sarawak Rivers Board and state agencies. At the same time, the monthly fuel ceiling for full-time e-hailing drivers has been doubled from 300 to 600 litres , benefiting more than 53,900 drivers nationwide. Launched in late September, Budi95 enables eligible Malaysians to purchase RON95 petrol at RM1.99 per litre , capped at 300 litres per month, as part of the government’s subsidy rationalisation initiative . The programme has since expanded to cover fishermen, private boat owners, and e-hailing drivers with higher quotas. The MOF said over 16 million Malaysians are n...