Bursa Malaysia ends firmer on bargain hunting

TheStar Fri, May 03, 2024 12:00am - 3 weeks View Original


Rakuten Trade foresees the benchmark index moving within the 1,580 to 1,590 range towards the weekend.

KUALA LUMPUR: Bursa Malaysia ended firmer yesterday as bargain-hunting activities emerged following Tuesday’s profit-taking.

The local bourse bucked the regional trend which was mostly lower as investors digested the US Federal Reserve’s decision to maintain its key interest rate on Wednesday, said an analyst.

At 5pm, the FBM KLCI rose 4.33 points or 0.28% to 1,580.30 from Tuesday’s close of 1,575.97. The benchmark index opened one point easier at 1,574.97 and moved between 1,574.27 and 1,582.68 throughout the day.

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