Bursa ends higher on bargain-hunting

Bursa Malaysia experienced a slight recovery on Friday as bargain-hunting emerged following a recent sharp sell-off, according to an analyst. However, the rebound lacked momentum as broader Asian markets remained under pressure ahead of key US labour market data. At 5pm, the FTSE Bursa Malaysia KLCI rose 0.51 points, or 0.03%, to 1,630.87 from yesterday’s close of 1,630.36.

The market saw positive market breadth with gainers leading losers 585 to 541, while 558 counters were unchanged, 1,089 untraded and 24 suspended. Turnover climbed to 4.23 billion units, worth RM2.70 billion, from 3.1 billion units valued at RM2.7 billion on Thursday.

Brief written by urgent.news from Free Malaysia Today's own syndicated text. Machine-written — may contain errors; check the original before relying on it.