KUALA LUMPUR, March 29 — Bargain hunting of oversold blue chips amid an upbeat regional performance gave Bursa Malaysia a boost today. A rebound in oil prices and easing fears...
KUALA LUMPUR, March 29 — Bargain hunting of oversold blue chips amid an upbeat regional performance gave Bursa Malaysia a boost today.
The main index opened 1.61 points lower at 1,407.48, recording its intraday low, but later hit a high of 1,422.69 during the mid-morning session. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said markets also received an unexpected lift from improved US consumer confidence data in March.
The latest report also revealed that consumers' expectations of inflation over the next 12 months remained elevated at 6.3 per cent. On the index board, the FBM Emas Index gained 86.11 points to 10,388.02, the FBMT 100 Index advanced 82.54 points to 10,083.37 and the FBM Emas Shariah Index added 79.79 points to 10,699.08.
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