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.
Malaysia Corporate Round-Up: SkyWorld, Econpile, Vantris, Citaglobal, NexG, DXN, CIMB, Cahya Mata, Perak Transit, Bina Puri, Telekom & Scicom
Key Takeaways: Property expansion: SkyWorld, Citaglobal, Classita/NexG, and Bina Puri drive growth through new projects and land acquisitions. Governance & legal updates: Econpile and Vantris (ex-Sapura) clarify legal matters; CIMB announces senior leadership change. Strategic initiatives: DXN leverages luxury assets for distributor incentives; Perak Transit targets recurring revenue with smart bus stops. Partnerships: Scicom and Telekom Malaysia collaborate on AI-driven customer engagement. Property & Infrastructure Developments SkyWorld Development (SKYWLD): To acquire a 2.33-acre site in Ho Chi Minh City for RM136m. Plans a 40-storey tower with 1,200+ apartment units plus retail and service facilities. Citaglobal (CITAGLB): Exercised a RM90m land option in Pahang to independently develop a 247-acre industrial park via its property arm. Classita Holdings (CLASSITA → NexG Bina): Selling non-cor...