BURSA Malaysia finished higher today on bargain hunting, after six days of losses, as investors sought opportunities in large-cap stocks with compelling valuations following the recent global equity sell-off.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.61 points, or 0.29%, to 1,615.08 from yesterday’s close of 1,610.47.
The benchmark index opened 1.90 points firmer at 1,612.37 and moved between 1,609.70 and 1,619.05 during the session.
Sentiment in the broader market was tepid, with decliners slightly beating gainers 497 to 490 while 511 counters were unchanged, 982 untraded, and 123 suspended.
Turnover improved to 2.48 billion units valued at RM2.26 bil versus 2.45 billion units valued at RM2.21 bil yesterday. – Oct 29, 2024
