Bargain hunting for oversold blue chips amid an upbeat regional performance gave Bursa Malaysia a boost on Wednesday (March 29).
A rebound in oil prices and easing fears over the banking turmoil in the US and Europe also contributed to improved sentiments on the local front.
At 5pm, the FBM KLCI had advanced 11.26 points, or 0.80%, to 1,420.35 from Tuesday’s closing at 1,409.09.
The main index opened 1.61 points lower at 1,407.48, recording its intraday low, but later hit a high of 1,422.69.
Market breadth was positive, as gainers beat decliners by 574 to 331, while 400 counters were unchanged, 986 untraded, and 25 others suspended.
Turnover jumped to 3.42 billion units worth RM1.74 billion, versus Tuesday’s 2.83 billion units worth RM1.51 billion.
