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.
US equities opened higher on Friday as soft economic data strengthened expectations that the Federal Reserve may cut interest rates later this year . Investors also remained cautious as geopolitical tensions in the Middle East continued to influence market sentiment and energy prices. Market Rebound After Recent Losses The S& P 500 rose 0.8% in early New York trading, recovering after three consecutive sessions of declines . The Nasdaq 100 also gained 0.8% , supported by technology stocks, although the Magnificent Seven index remained near ...