KUALA LUMPUR, Feb 23 — Bursa Malaysia snapped a three-day losing streak to end higher today on persistent buying interest in financial services as well as industrial products and services counters, amid mixed sentiments on the regional markets, dealer said.
The overall market breadth was positive with gainers overwhelming losers 621 to 372, while 402 counters were unchanged, 863 untraded, and 18 others suspended. On the domestic front, he said the FBM KLCI rebounded after three days of correction and it is likely to move upwards as buying from foreign funds are expected to resume, given the cheaper valuations of local equities as compared to regional peers.
As for the actives, DNeX expanded nine sen to RM1.21, SMTrack eased 1.5 sen to 24 sen, MSM Malaysia dropped 23.5 sen to 88.5 sen, and MYEG put on 5.0 sen to 97 sen. The Main Market volume declined to 2.13 billion shares worth RM2.47 billion from 2.78 billion shares worth RM2.86 billion yesterday.
Source: Financial Digest (financialdigest.net)
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