Bursa Makes Swift Rebound To Close 1% Higher

Bursa Malaysia rebounded strongly to end higher on Thursday, making a swift recovery of its losses from the previous session, supported by mostly upbeat regional markets, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 16.23 points, or 1.05%, to 1,553.24 from Wednesday’s close of 1,537.01.

The benchmark index, which opened 1.97 points better at 1,538.98, moved between 1,537.25 and 1,554.33 throughout the trading session.

On the broader market, gainers thumped decliners 656 to 352, with 475 counters unchanged, 835 untraded and nine others suspended.

Turnover narrowed to 3.36 billion units valued at RM2.68 billion compared with 4.26 billion units worth RM2.87 billion on Wednesday, Bernama reported.

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