BURSA Malaysia rebounded on Wednesday, snapping a five-day losing streak, as bargain-hunting activities emerged following the recent selldown, an analyst said.
At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 10.10 points or 0.72% to 1,403.93 from Tuesday’s (March 14) close of 1,393.83.
The key index opened 6.27 points better at 1,400.10, and moved between 1,399.80 and 1,406.57 throughout the day.
Market breadth was positive with gainers thumping losers 604 to 289 while 383 counters were unchanged, 972 untraded and 10 others suspended.
Turnover amounted to 3.13 billion units worth RM2.34 bil. — March 15, 2023