KUALA LUMPUR: Bursa Malaysia’s benchmark index edged higher at the close as bargain hunting emerged following Monday’s sharp sell-off, although it narrowly failed to reclaim the 1,600 level, said an analyst.
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.83 points, or 0.24%, to 1,599.58 from yesterday’s close of 1,595.75.
The index opened 3.18 points lower at 1,592.57, marking its intraday low, and reached an intraday high of 1,602.83 in early trading.
On the broader market, decliners outnumbered gainers 751 to 331, while 499 counters were unchanged, 1,259 untraded and 10 suspended.
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