Bursa Malaysia Ends Higher On Bargain Hunting

Bursa Malaysia ended higher on Tuesday, bouncing over 1% as bargain hunting activities emerged following last week’s selloff.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 18.72 points, or 1.17%, to 1,615.40 from Friday’s close of 1,596.68.

The benchmark index, which opened 0.74 of-a-point lower at 1,595.94, fluctuated between 1,595.35 and 1,617.41 throughout the trading session.

On the broader market, gainers surpassed decliners 666 to 545, with 467 counters unchanged, 674 untraded and 16 others suspended.

Turnover declined to 4.46 billion units worth RM3.94 bil from Friday’s 5.45 billion units worth RM6.84 bil.

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