Bursa rebounds to open higher

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KUALA LUMPUR (Aug 9): Bursa Malaysia rebounded from last week’s close to kick off the week higher, driven by renewed buying interest in selected heavyweights due to lower stock prices, dealers said.

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At 9.16am, the benchmark FBM KLCI had risen 4.87 points to 1,494.67 from last Friday’s close at 1,489.80.

The index opened 1.96 points better at 1,491.76.

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On the broader market, gainers surpassed losers 276 versus 215, while 338 counters were unchanged, 1,366 untraded and 11 others suspended.

Turnover stood at 437.98 million units worth RM24.28 million.-BERNAMA