Stocks on Bursa Malaysia closed higher yesterday on bargain hunting. The strong overnight rebound of the US stock market and positive leads from Asian bourses also prompted investors to take positions. Asian markets were higher yesterday boosted by healthy earnings reports from US companies and optimism that US and European politicians could work together to address their debt problems. The FBM KLCI rose 6.95 points, or 0.45%, to close at 1,562.59 after opening 2.81 points higher at 1,558.45. Market breadth was bullish with 472 gainers as compared with 266 losers while 303 were unchanged. Trading volume, however, declined to 803.41 million shares worth RM1.3 billion from 977.86 million shares worth RM1.94 billion on Tuesday.