KUALA LUMPUR, Nov 17 — The local stock market snapped a four-day losing streak to end higher today on bargain-hunting.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled at 1,661.53, up 5.53 points after fluctuating between 1,660.07 and 1,677.37 throughout the day.

Gainers outpaced losers by 533 to 379 with 469 counters unchanged, 438 untraded and 19 others suspended.

Total volume rose to 2.19 billion units worth RM2.04 billion from yesterday’s 1.91 billion shares worth RM1.69 billion.

Dealers said the Asian stocks, including the local bourse, were higher, tracking the uptrend on the US Wall Street.

“The Dow Jones index surged 1.4 per cent as investors decided the attack in Paris would have little long-term impact on the US economy and corporate earnings.

“Bargain hunters thus emerged at Bursa Malaysia with investors nibbling selectively at value buys after several bearish sessions,” an equity trader said.

Another dealer said the market could still be jittery in the coming days, ahead of the US Federal Reserve meeting, slated next month, which may decide on raising interest rates if the economy improves.

Top heavyweights, Tenaga gained four sen to RM13.08, Maybank eased six sen to RM8.24, Public Bank rose 14 sen to RM18.10, IHH Healthcare added nine sen to RM6.65 and Axiata perked 10 sen to RM6.18.

Of actives, Borneo Oil Warrant (C) gained 3.5 sen to 7.5 sen, while mother share Borneo Oil shed half-a-sen to 14.5 sen, and Hibiscus lost two sen to 24.5 sen, while Instacom and iDimension added half-a-sen each to 23 sen and 11 sen, respectively.

Daibochi led the gainers, adding 53 sen to RM5.24, while top loser Latitude Tree fell 19 sen to RM6.30.

On the scoreboard, the FBM Emas Index jumped 45.61 points to 11,582.28, the FBMT100 Index increased 44.25 points to 11,257.44, and the FBM Emas Syariah Index gained 73.76 points to 12,501.58.

The FBM 70 advanced 75.52 points to 12,878.10, while the FBM Ace rose 88.19 points to 6,519.97.

Sector-wise, the Finance Index gained 19.74 points to 14,078.00, the Plantation Index climbed 6.37 points to 7,489.19, while the Industrial Index added 13.75 points to 3,284.38.

Main Market volume expanded to 1.34 billion units, valued at RM1.86 billion from 1.13 billion units, valued at RM1.53 billion, transacted on Monday.

Turnover on the ACE Market improved to 603.39 million shares worth RM139.74 million from Monday’s 493.46 million shares worth RM119.05 million.

Warrants eased to 243.99 million units valued at RM39.25 million against 291.84 million units valued at RM40.95 million, trade previously.

Consumer products accounted for 105.12 billion shares traded on the Main Market, industrial products (335.42 million), construction (73.75 million), trade and services (570.62 million), technology (66.08 million), infrastructure (13.39 million), SPAC (4.63 million), finance (42.93 million), hotels (976,300), properties (101.77 million), plantations (15.97 million), mining (2,000), REITs (13.47 million) and closed/fund (11,400). — Bernama