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Stocks on Bursa Malaysia closed broadly higher yesterday with the key benchmark FBM KLCI hitting an all-time high. Most blue-chips regained ground with investors upbeat over the country’s economy. Investors were encouraged by the positive economic news flow from the six Strategic Reform Initiatives announced by the government the day before to boost Malaysia’s competitiveness. The benchmark FBM KLCI ended 9.49 points or 0.6% higher at its peak of 1,591.34. Advancer led decliners by 453 to 287 while 342 counters closed unchanged. A total of 1.11 billion shares, worth RM2.15 billion, were traded against Tuesday’s 728.65 million shares, valued at RM1.463 billion. 

Stocks on ended lower yesterday due to selling in heavyweights after the recent highs, coupled with a lack of fresh leads. Investors took cue from the weak trading across regional markets on renewed fears over the Euro-zone sovereign debt especially Greece, while Wall Street overnight was closed for the Independence Day holiday. The FBM KLCI fell 0.5 of a point or 0.03% to 1,581.85. Market breadth was negative with losers leading gainers 386 to 319 while 330 counters were unchanged. A total of 728.65 million shares valued at RM1.463 billion were traded against 728.68 million shares worth RM1.377 billion on Monday. 

Stocks on Bursa Malaysia ended marginally lower yesterday on late profit-taking activities with the FBM KLCI finishing 0.59 points lower at 1,582.35. The key benchmark index touched an all time intra-day high of 1,589.93 in the morning session but was unable to sustain the momentum due to lack of follow-through support. The market failed to take the cue from regional markets amid scattered participation by foreign fund managers. Decliners led advancers by 453 to 333 while 304 counters closed unchanged. Turnover declined to 728.860 million shares valued at RM1.377 billion from 801.954 million shares valued at RM1.4 billion on last Friday.