Bursa ends six-day losing streak as easing bond yields spark buying in financial counters

AI Summary

The FTSE Bursa Malaysia KLCI (FBM KLCI) ended a six-day losing streak, closing higher at 1,535.38, a 0.55% increase. Bargain-hunting driven by improved risk sentiment and a pullback in US Treasury yields fueled the rebound. Gains were led by banking stocks, benefiting from easing bond yields. Maybank, Public Bank, and CIMB were among the top gainers. Market breadth was positive, with more gainers than losers.