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.
Bahvest Resources Bhd, soon to be known as Aumas Resources Bhd , has announced plans to acquire RM22.82 million worth of mining equipment from Chengdu Mining Maintenance Technology Co Ltd , a China-based firm. The equipment will support the construction of a new gold mining processing plant near its existing facility in Bukit Mantri, Tawau, Sabah . Key Highlights Plant Capacity Expansion: The new facility will have a processing capacity of over 2,000 tonnes per day (tpd) , nearly doubling the throughput of the current plant, which operates at 1,200 tpd . Timeline: The plant's commissioning is expected within the next 12 months . Operational Benefits: Increased production to meet growing demand. Enhanced operational efficiency and resource utilisation. Improved profitability and cost-effectiveness amidst fluctuating industry conditions. Market Impact Competitiveness: The plant's enhanced capabilities aim to solidify Bahvest's position in the gold minin...