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.
India's securities regulator, the Securities and Exchange Board of India (Sebi) , is considering implementing tighter controls on micro-cap firms going public. These measures may include monitoring the use of IPO funds and imposing stricter due diligence guidelines for merchant bankers, according to a source involved in the discussions. Among the potential steps under review are mandating a longer track record of profitability and increasing scrutiny of financial statements. These considerations come in response to recent instances of fraud in the micro-cap segment , which have raised concerns among regulators. Despite these developments, Sebi is not inclined to take over the listing approval process for small and medium enterprises (SMEs) from the National Stock Exchange of India Ltd and BSE Ltd . This decision follows calls from some investors for direct oversight by the regulator. The discussions remain at a preliminary stage, and the measures may be revised before an initia...