Bursa Malaysia ends higher on bargain hunting

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Bursa Malaysia ends higher on bargain hunting
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KUALA LUMPUR, March 7 — Bursa Malaysia rebounded to end higher today after the key index recorded two straight days of meagre losses as bargain-hunting activities emerged, amid...

KUALA LUMPUR, March 7 — Bursa Malaysia rebounded to end higher today after the key index recorded two straight days of meagre losses as bargain-hunting activities emerged, amid the upbeat performance in most regional peers.

However, on the broader market, decliners beat gainers 454 to 409, while 408 counters were unchanged, 959 untraded and 11 others suspended. “On the domestic front, we expect investor sentiment to remain cautious ahead of Bank Negara Malaysia's Monetary Policy Committee meeting over the next two days. However, China’s SSE Composite Index fell 1.11 per cent to 3,285.10 and Hong Kong's Hang Seng Index shed 0.33 per cent to 20,534.48.

On the index board, the FBM Emas Index garnered 32.39 points to 10,631.36, the FBMT 100 Index advanced 31.01 points to 10,306.85, the FBM Emas Shariah Index perked up 46.01 points to 10,899.47 and FBM ACE Index expanded 9.21 points to 5486.49.Sector-wise, the Financial Services Index rose 10.32 points to 16,116.28, the Plantation Index jumped 130.82 points to 7,010.00, the Energy Index increased 5.37 points to 895.32, while the Industrial Products and Services Index eased 0.34 of-a-point to 177.

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