KUALA LUMPUR, June 24 (Bernama) -- Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 0.13 per cent, or 2.21 points, to 1,682.13 from Tuesday’s close of 1,679.92. The index opened 2.11 points better at 1,682.03 and moved between 1,680.49 and 1,690.66 throughout the trading session. Market breadth was positive with gainers outpacing decliners 518 to 483, while 564 counters were unchanged, 1,175 untraded and 41 suspended. Turnover shrank to 2.76 billion units valued at RM2.42 billion against 3.35 billion units worth RM3.12 billion on Tuesday.
Asian equities fell sharply after renewed geopolitical concerns, but an unusual signal from South Korea suggests market volatility may be stabilising despite the selloff . Regional Stocks Retreat as War Fears Resurface The MSCI Asia Pacific Index dropped as much as 2.6% , as hopes for a quick resolution to the Middle East conflict faded following remarks by Donald Trump . South Korea was hit particularly hard: Kospi Index fell 4.5% , its steepest drop in over a week Trading volume surged 15% above the 30-day average , indicating strong selling pressure The decline reflects broader risk-off sentiment across global markets , driven by escalating geopolitical uncertainty. Volatility Falls — A Contrarian Signal Despite the equity selloff, a key market signal offered a more constructive outlook. The Kospi 200 Volatility Index declined , even as stocks dropped — a rare divergence that suggests options traders expect calmer conditions ahead...