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.
As of Q3 2024, highway-related projects worth RM15.09 billion have been awarded to Bumiputera contractors , nearing last year's total allocation of RM15.1 billion , according to Deputy Works Minister Datuk Seri Ahmad Maslan. Key Highlights Increased Participation : 1,631 G1 Bumiputera companies secured RM335 million in projects this year, a slight increase from the RM333 million awarded to 1,585 companies in 2023. Infrastructure Development : This reflects the growing contribution of Bumiputera contractors to Malaysia’s infrastructure projects, showcasing their capability and commitment. Matchmaking Programme The announcement was made during the Bumiputera Contractors Association with Highway Concessionaires Matchmaking Programme , aimed at further boosting Bumiputera participation in highway projects. Statements from Officials Ahmad Maslan emphasized the programme’s role in enhancing Bumiputera contractors’ economic share. Senior officials from...