KUALA LUMPUR, Sept 2 (Bernama) -- Bursa Malaysia ended higher on Wednesday on bargain hunting following the recent sell-off, ahead of Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) decision on Thursday. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.20 points 1,708.74, compared with Tuesday’s close of 1,700.54. The benchmark index opened 0.42 of a point better at 1,700.96 and fluctuated between 1,695.89 and 1,709.71 throughout the day. On the broader market, losers trounced gainers 746 to 424, while 554 counters were unchanged, 1,048 untraded and 17 suspended. Turnover declined to 4.20 billion units valued at RM3.52 billion from 5.52 billion units valued at RM4.42 billion on Tuesday.
Key Takeaways FBM KLCI rose 0.3% to 1,661.83 , recovering modestly despite broad-based weakness across the broader market. Financials, telecommunications and selected blue chips supported the benchmark, while technology stocks faced profit-taking. Market breadth remained negative , with 642 decliners versus 425 gainers , suggesting investor sentiment stayed cautious. Technology counters including ViTrox, Kelington and UMS were among the biggest value losers despite strong year-to-date gains. The ringgit strengthened further against the US dollar , providing support to Malaysia's macro outlook. Market Overview Bursa Malaysia ended Thursday on a firmer note, with the FBM KLCI gaining 0.3% to 1,661.83 , as buying in heavyweight financial, telecommunications and plantation stocks offset weakness in the technology sector. Despite the benchmark's advance, overall market participation remained cautious. Declining stocks significantly outnumbered gainers, indicating inve...