Bursa Malaysia rebounds after two days of losses on Thursday

BURSA Malaysia rebounded from two consecutive days of declines to close higher on Tuesday (March 19), spurred by bargain-hunting activities amid the recent market sell-off.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.62 points to 1,541.41 from Wednesday’s close of 1,535.79.

The benchmark index, which opened 3.33 points firmer at 1,539.12, moved between 1,534.66 and 1,542.33 throughout the day.

Market breadth was positive with gainers leading decliners 631 to 451, while 466 counters were unchanged, 788 untraded, and 11 others suspended.

Turnover increased to 4.02 billion units worth RM2.94 bil from 3.82 billion units worth RM2.66 bil on Wednesday (March 20). – March 21, 2024

Subscribe and get top news delivered to your Inbox everyday for FREE