The benchmark index rises to 1,684.47 as investors focus on selected blue-chip stocks.The benchmark index rises to 1,684.47 as investors focus on selected blue-chip stocks.
Bursa rebounds to open higher on bargain hunting
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KUALA LUMPUR: Bursa Malaysia rebounded to open higher on Wednesday, recovering from yesterday’s losses as bargain hunting emerged in selected blue-chip stocks, an analyst said.
At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 0.27%, or 4.55 points, to 1,684.47 from Tuesday’s close of 1,679.92.
The index opened 2.11 points higher at 1,682.03.
Market breadth was positive, with gainers outnumbering decliners 208 to 142. A total of 244 counters were unchanged, 2,146 untraded and 41 suspended.
Turnover amounted to 128.79 million shares valued at RM85.64 million.
MORE TO COME
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