World · Malaysia Bureau
Bursa Malaysia closes higher as investors hunt for bargains
The FTSE Bursa Malaysia KLCI extended gains to end the trading session at an intraday peak, buoyed by selective buying across key counters. The benchmark index added 5.87 points to close at 1,608.14.
LSN Malaysia ·
Buying interest in undervalued stocks provided support to Malaysia's equity market, allowing the KLCI to build on overnight momentum and settle near session highs.
The key index climbed 0.36 percent from Wednesday's closing level of 1,602.27, reflecting a measured but positive tone as traders repositioned ahead of key economic data and corporate earnings announcements.
The advance was broad-based, with bargain hunters targeting select blue-chip and mid-cap issues that had retreated in recent sessions. Investor sentiment remained cautious but constructive, underpinned by expectations of attractive valuations in pockets of the market.
Analysts attributed the recovery to renewed confidence following recent weakness, though trading volumes and market breadth remained moderate, suggesting investors are adopting a selective approach to capital deployment in the current environment.
The KLCI's close near intraday highs signals potential support building at current levels, with market participants closely monitoring macroeconomic indicators and regional sentiment for directional cues in coming sessions.