Bargain hunting pushes Bursa higher

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Bargain hunting pushes Bursa higher
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Analyst says regional sentiment positive following return of foreign funds.

KUALA LUMPUR: Bursa Malaysia ended marginally higher today with the key index rising 0.32% on bargain hunting, in sync with the upbeat regional sentiment.

“Back home, we maintain our optimistic view on the local stock market in the mid-term, buoyed by the inflow of foreign funds and recovering economic conditions. At 5 pm, the FTSE Bursa Malaysia KLCI gained 4.56 points to 1,444.67 from 1,440.11 at yesterday’s close. Turnover increased to 3.53 billion units worth RM1.91 billion from yesterday’s 3.23 billion units worth RM1.97 billion.

On the index board, the FBM Emas Index increased 32.68 points to 10,668.58, the FBMT 100 Index improved by 31.31 points to 10,350.09, the FBM Emas Shariah Index put on 51.96 points to 10,911.75, the FBM 70 Index climbed 37.16 points to 14,156.73, and the FBM ACE Index gained 29.64 points to 5,314.78.

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