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.
Starting Aug 1 , the government will restructure chicken egg subsidies and roll out “special grade eggs” at more affordable prices , according to the Ministry of Agriculture and Food Security. Key Points: The move is part of a phased subsidy rationalisation plan aimed at ensuring long-term sustainability and better targeting. Consumers can also buy eggs at competitive prices via Agro Madani Sales and Jualan Rahmah at Fama and LPP outlets nationwide. Subsidy savings will be redirected to core welfare programmes . Background: From Feb 2022 to Dec 2024 , the government spent RM2.5 billion on temporary egg subsidies to support households during the pandemic and global supply chain disruptions. With market conditions stabilising, the government says it is confident the industry can maintain stable and sufficient egg supply under the new structure. Price Control: The Ministry of Domestic Trade and ...