Return of bargain hunters helps KLCI regain some lost ground

THE Kuala Lumpur Composite Index (KLCI) managed to regain some lost ground yesterday as bargain hunters emerged to take advantage of the market's oversold position that had resulted from four consecutive days of falls.  

The renewed buying interest lifted the benchmark index to a day's high of 827 points immediately after the lunch break. However, it lost steam in the late afternoon to close at 818.7 - just 8.6 points or about 1% above Tuesday's close.