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.
Key Highlights: Consumer Credit Bill 2025 tabled for its first reading in Dewan Rakyat. Bill proposes the establishment of the Consumer Credit Commission (CCC) to regulate non-bank lenders and credit service providers . CCC will have powers to impose fees, conduct investigations, and set industry guidelines . New licensing requirements for credit businesses , including minimum financial standards . Credit providers must assess financial hardship applications before taking legal action . Finance minister can grant exemptions based on CCC recommendations . New Regulatory Authority for Consumer Credit Sector Malaysia is taking a major step toward regulating non-bank lenders , as the Consumer Credit Bill 2025 was tabled for its first reading in Parliament on Tuesday. Deputy Finance Minister Lim Hui Ying introduced the Bill, which aims to enhance consumer protection, regulate credit service providers , and establis...