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Bursa rebounds amid easing worries over banking sector's health

Publish date: Mon, 27 Mar 2023, 10:33 AM

KUALA LUMPUR (March 27): Bargain hunting boosted Bursa Malaysia to open higher in sync with Wall Street, driven by the rebound in banking stocks after authorities reassured the market about financial stability.

At 9.09am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.2 points to 1,402.9 compared to last Friday's close of 1,399.7.    

The market bellwether opened 1.25 points higher at 1,400.95.

On the broader market, gainers led decliners 158 to 138, while 225 counters were unchanged, 1,751 untraded and 24 others suspended.

Turnover amounted to 238.62 million units worth RM84.59 million.

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