FBM KLCI bounces back from early dip on selective buying
KUALA LUMPUR: Bursa Malaysia opened slightly lower today but quickly rebounded, driven by renewed buying interest in selected heavyweights.
Analysts said recent losses had enticed investors back into the market.
At 9.25am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,541.65, up from Tuesday's close of 1,536.80.
The benchmark index had opened 0.24 of-a-point lower at 1,536.56.
Turnover stood at 389.23 million shares, valued at RM156.08 million.
Market breadth was positive, with 268 gainers outnumbering 167 decliners. Further, 276 counters were unchanged, 1,624 untraded, and nine suspended.
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