Rebound in sight


REVIEW: Bursa Malaysia kicked off the week on a weak platform, with the FBM Kuala Lumpur Composite Index (FBM KLCI) dropping an unexpected 13.74 points to 1,774.50 in the wake of selling pressure, exacerbated by a lower close in overnight Wall Street.

Given the frail sentiment, the key index quickly slumped to a low of 1,771.65 and after falling as much as 16.50 points in the early session, some local funds emerged to seek value buys, thus lifting the local bourse back to the positive territory at one point in mid-morning.

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