Bursa Malaysia ends higher on bargain hunting

BURSA Malaysia rebounded today to end higher after the key index recorded two straight days of meagre losses as bargain-hunting activities emerged, amid the upbeat performance in most regional peers.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.99 points or 0.41% to 1,458.67 from yesterday’s closing of 1,452.68.

The market bellwether opened 1.29 points better at 1,453.97 and moved between 1,452.64 and 1,461.42 throughout the trading session.

However, on the broader market, decliners beat gainers 454 to 409, while 408 counters were unchanged, 959 untraded and 11 others suspended.

Turnover rose to 2.97 billion units worth RM1.89 bil from Monday’s close of 2.84 billion units worth RM1.79 bil. – March 7, 2023

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