Bursa Malaysia Closes Higher On Bargain Hunting, CI Up 0.45 Pct
KUALA LUMPUR, Bursa Malaysia rebounded from yesterday’s losses to close higher today, buoyed by bargain hunting after three consecutive days of sell-off, an analyst said. The local exchange rallied from mid-morning Tuesday as market sentiment improved, with Petronas Chemicals leading the gains, rising 16 sen to RM5.80 and contributing 2.17 points to the benchmark index. The FTSE Bursa Malaysia KLCI (FBM KLCI) increased by 7.48 points, or 0.45 per cent, settling at 1,656.39, up from Monday’s close of 1,648.91. The key index opened 1.49 points lower at 1,647.42 and fluctuated between 1,643.11 and 1,657.32 throughout the day. On the broader