Bursa Bounces Back After 2 Days Of Losses On Bargain Hunting

Bursa Malaysia rebounded from two consecutive days of declines to close higher on Thursday, 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.

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 billion from 3.82 billion units worth RM2.66 billion on Wednesday.

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