Bursa roars back on bargain hunting, foreign funds

UOB Kay Hian Wealth Advisors' Mohd Sedek said the local bourse displayed resilience, underpinned by the influx of foreign capital and shifting sentiment.

KUALA LUMPUR: Bursa Malaysia bounced back from losses to close on a firmer footing yesterday, with the key index gaining 1.63%, buoyed by bargain hunting, renewed foreign fund inflows, and signs of easing trade-related anxieties.

At 5pm, the FBM KLCI jumped 24.66 points to 1,540.22 from Tuesday’s close of 1,515.56.