Bursa opens higher on bargain hunting, resilient domestic fundamentals

At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.50 points, or 0.27%, to 1,627.85 from yesterday’s close of 1,623.35.

KUALA LUMPUR:

Bursa Malaysia opened higher on Wednesday, maintaining a cautious but positive tone, supported by continued bargain-hunting activities and resilient domestic fundamentals.

At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 4.50 points, or 0.27%, to 1,627.85 from yesterday’s close of 1,623.35. The index opened 0.59 points firmer at 1,623.94.

Across the broader market, losers outnumbered gainers 193 to 137, while 291 counters were unchanged, 2,234 were untraded, and 21 were suspended.

Turnover stood at 239.44 million units worth RM140.08 million.