KUALA LUMPUR, Jan 28 --Bursa Malaysia ended the week broadly higher due to bargain-hunting in the lower liners and technology stocks, an analyst said.
The overall market breadth was positive with gainers outpacing losers 494 to 361, while 441 counters were unchanged, 972 untraded, and 79 others suspended. Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the bargain-hunting also emerged for the banking stocks. Among other heavyweights, Maybank and Public Bank added one sen at RM8.31 and RM4.22 respectively, Petronas Chemicals was flat at RM8.90, IHH rose two sen to RM6.40, and CIMB increased three sen to RM5.28.
Sector-wise, the Financial Services Index perked up 15.52 points to 15,779.64, the Industrial Products and Services Index was 0.86 of-a-point firmer at 200.41, while the Plantation Index climbed 17.93 points to 6,650.11.