Bursa Malaysia rebounds to snap four-day losing streak, closes at intraday high

KUALA LUMPUR, Sept 14 — Bursa Malaysia’s barometer index closed at an intraday high and snapped a four-day losing streak on Monday, as bargain hunting emerged following recent weakness, with half of the key index components advancing. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 11.27 points to close 0.66 per cent higher at 1,698.01 points from Friday’s close of 1,686.74. The benchmark index opened 0.09 points lower at 1,686.65, fell to an intraday low of 1,682.49 before settling at the intraday high of 1,698.01. Market breadth, however, was negative, with losers beating gainers 764 to 421. A…