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.
MUKHRIZ RESIGNS, AHMAD BASHAH SWORN IN AS KEDAH MB Malaysia's political tension seem to have gone one tension up, with former PM's Mahathir's son, Mukhriz Mahathir being replaced by Ahmad Bashah as the Kedah Menteri Besar (MB). Mukhriz out, Bashah in Mukhriz said he was removed because of his criticism of Prime Minister Datuk Seri Najib Razak over 1Malaysia Development Bhd and the RM2.6 billion donation. Datuk Seri Ahmad Bashah, aged 66 was sworn in as the new Kedah Menteri Besar (MB) last Thursday. This has ended the state's leadership crisis after Mukhriz was being told that he no longer had the support of the majority in the state assembly. Ahmad Bashah, who led the revolt against Mukhriz is the deputy chief of Kedah UMNO. This is probably a sign of a weakened influence from the Mahathir's camp. LEMBAGA TABUNG HAJI (LTH) announces 5% dividend, 3% bonus Lembaga Tabung Haji (LTH) announced an annual dividend of 5% for 2015 for its depositors. Thi...