KUALA LUMPUR: Bursa Malaysia closed marginally higher today due to bargain-hunting after the recent selloff, amid a better performance by regional peers, a dealer said.

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 1.28 points to 1,416.88 from Thursday’s closing of 1,415.60 The index, which opened 0.31 of a point easier at 1,415.29, moved between 1,415.28 and 1,419.96 during the day.

The market breadth was positive with gainers outpacing decliners 449 to 407 while 449 counters were unchanged, 1,011 untraded and 15 others suspended.

Turnover dropped to 2.86 billion units worth RM2.09 billion from 3.11 billion units worth RM2.25 billion on Thursday. – Bernama