KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
Quick Summary New RON95 enforcement rules take effect April 1 Both petrol station operators and buyers can be charged for illegal use Foreign-registered vehicles banned from purchasing RON95 Industry players back tougher, more balanced enforcement What’s Changing on April 1 The government will expand enforcement powers under the Control of Supplies Act to curb abuse of subsidised RON95 petrol , allowing action against both sellers and buyers involved in illegal transactions. Previously, enforcement focused mainly on petrol station operators. The updated guideline now includes: Owners and users of foreign-registered vehicles Individuals attempting to misrepresent vehicles or conceal number plates Government: Fair and Balanced Approach Domestic Trade and Cost of Living Minister Armizan Mohd Ali said the new rules are designed to plug subsidy leakages while ensuring fairness. Key point: Foreign-registered vehicles are ...