KUALA LUMPUR, March 22 — Bursa Malaysia ended higher today, in line with regional markets amid improving market sentiment globally and ahead of the US Federal Reserve’s decision on its interest rate later today.
The market bellwether opened 2.05 points higher at 1,408.60 and moved between 1,406.51 and 1,413.52 throughout the day. Turnover eased to 3.12 billion units worth RM1.89 billion from Tuesday’s 3.23 billion units worth RM1.85 billion. “However, we believe bargain hunting activities may continue given the reasonable valuations of shares on Bursa Malaysia due to the oversold position. Thus, we see the FBM KLCI hovering within the 1,410-1,420 range for the remainder of the week,” he added.
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