Bursa equities rebound from oversold levels


KUALA LUMPUR: Bursa Malaysia rebounded on Thursday following yesterday's steep sell-off on the back of rising US bond yields and political uncertainties at home.

At 12.30pm, the FBM KLCI was up 5.48 points to 1,578.99 as investors picked up on bargains. The market breadth was positive with 615 gainers to 389 decliners, suggesting a broad-based retracement on oversold counters.

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Bursa Malaysia , FBM KLCI , equities

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