KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.
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 ...