BURSA Malaysia rebounded from yesterday’s losses to close higher today driven by bargain hunting following the recent sell-off, despite mixed sentiment among regional peers, an analyst said.
Petronas Chemicals led the gains, rising by 16 sen to RM5.80 and contributing 2.17 points to the benchmark index.
The FTSE Bursa Malaysia KLCI (FBM KLCI) increased by 7.48 points, or 0.45%, settling at 1,656.39, up from Monday’s close of 1,648.91.
The benchmark index opened 1.49 points lower at 1,647.42 and fluctuated between 1,643.11 and 1,657.32 throughout the day.
On the broader market, gainers outnumbered decliners by 671 to 379, with 475 counters unchanged, 884 untraded, and six suspended.
Turnover shed to 2.55 billion units valued at RM2.41 bil, down from Monday’s 4.06 billion units worth RM3.22 bil. – Oct 1, 2024
