How did late bargain hunting lift the FBM KLCI after yesterday’s low?

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Late Bargain Hunting Aided FBM KLCI Recovery Amid Subdued Sentiment

Late bargain hunting played a role in helping the FBM KLCI recover from its intraday low on the preceding day, though the overall market sentiment remained subdued. This recovery occurred despite the absence of specific details regarding the stocks or sectors targeted during this period of buying activity.
Investor Confidence and Market Conditions

The article notes that investor confidence was lifted by progress in US-Iran peace negotiations, which in turn supported the broader market. However, the specific factors that made certain stocks attractive to bargain hunters, or the precise economic conditions that underpinned this confidence, are not elaborated upon.
Market Performance and Index Movement

While late bargain hunting contributed to the FBM KLCI's recovery, the benchmark index opened higher and experienced fluctuations throughout the day. The FBM KLCI had initially ticked up 0.59 of a point to 1,664.65 from its previous close of 1,664.06, after starting the session 1.29 points higher at 1,665.35.
Broader Market and Sectoral Performance

The broader market saw a positive breadth, with gainers outnumbering decliners. Several indices, including the FBM Emas Index and the FBM ACE Index, also registered gains. Sectorally, the Financial Services Index saw a notable surge, while the Plantation Index experienced a decline.

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How did late bargain hunting lift the FBM KLCI after yesterday’s low?

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