NARATHIWAT: The Narathiwat Court has rejected the bail application for all six Malaysian nationals, including a dikir barat (a traditional Malay performing art) singer from Kelantan, who were remanded on Monday (Nov 4) on suspicion of drug possession.
KUALA LUMPUR: Bursa Malaysia recouped earlier losses to close higher today as late buying lifted the benchmark index to its intraday high on market expectations that Bank Negara’s Monetary Policy Committee will maintain the Overnight Policy Rate at its meeting tomorrow.
The benchmark index opened 1.77 points firmer at 1,618.20 and subsequently hit a low of 1,613.91 in the early session before gaining its upward momentum in the late trading session. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the local market’s favourable performance was also buoyed by sustained buying interest in plantation stocks.
Meanwhile, UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the FBM KLCI was positive on the US election day, demonstrating resilience in the face of a major economic event.
Bursa Malaysia Equities Commodities Trading FBM KLCI
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