Bursa Malaysia snaps 4-day losing streak on bargain hunting on Wednesday

BURSA Malaysia snapped a four-day losing streak to end higher today, spurred by bargain hunting with signs of mild window dressing activities while tracking the upbeat mood across regional markets.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed 3.44 points or 0.24% firmer to 1,454.22 from Tuesday’s close of 1,450.78.

The FBM KLCI opened 1.59 points better at 1,452.37 and moved between 1,452.08 and 1,455.44 throughout the day.

In the broader market, gainers thumped losers 468 to 380, while 467 counters were unchanged, 988 untraded, and 56 others suspended.

Turnover jumped to 3.29 billion units worth RM2.06 bil from 2.91 billion units worth RM1.96 bil on Tuesday (Dec 26). – Dec 27, 2023

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