BURSA Malaysia snapped seven consecutive days of losses to end higher today as bargain-hunting emerged following the recent sell-off, said an analyst.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.35% or 5.57 points to 1,590.95 from Tuesday’s (June 25) close of 1,585.38.

The benchmark index opened 1.01 points better at 1,586.39 and moved between 1,581.76 and 1,593.42 throughout the trading session.

On the broader market, gainers outpaced decliners 674 to 433, with 465 counters unchanged, 873 untraded and 45 others suspended.

Turnover decreased to 4.73 billion units worth RM3.22 bil from yesterday’s 5.23 billion units worth RM3.70 bil. - June 26, 2024

https://focusmalaysia.my/bursa-malaysia-snaps-7-day-losing-streak-on-wednesday/