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.
Perak Transit Bhd has been awarded the contract to develop the Kota Bharu Sentral (KB Sentral) terminal by the Kelantan state government , according to a filing with Bursa Malaysia on Thursday. The project was approved during a state government council meeting on Oct 2, 2024. Perak Transit, a developer and operator of Integrated Public Transportation Terminals (IPTT) , will appoint China Communications Construction Company (CCCC) as the main contractor for the project. Further conditions will be communicated by the state authority in the coming days. The terminal is expected to be completed by 2027, coinciding with the operational timeline for the East Coast Rail Link (ECRL) project. Perak Transit operates major transportation hubs like Terminal Meru Raya and Kampar Putra Sentral in Perak and also provides public bus services. Additionally, the company is involved in petrol station operations and telecommunication tower construction . Shares of Perak Transit closed higher by ...