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.
KHIR TOYO SENTENCED TO A YEAR'S JAIL The sentence has been delivered. Former Selangor Menteri Besar Dr Mohamad Khir Toyo was sentenced to a 12 months' jail for abusing his power while in office to purchase two plots of land ad a bungalow in 2007. Federal Court Judge Tan Sri Zulkefli Ahmad Makinudin who delivered the verdict, also upheld the decision of the lower court to forfeit the properties. Khir Toyo sentenced to a year's jail A five-member panel led by Chief Justice Zulkefli Ahmad Makinuddin made the ruling together with Justices Jeffrey Tan Kok Wha, Datuk Ramly Ali, Tan Sri Hasan Lah and Tan Sri Ahmad Maarop. The court has also rejected his mitigation to offer free dental services to the poor for three days weekly between one and two years as part of community service in default of jail, as it would not be appropriate. Khir Toyo began his jail term in Kajang Prison on September 29. Zeti: Malaysia bond market will not collapse ZETI: MALAYSI...