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Stocks on Bursa Malaysia ended sharply higher yesterday in line with the firmer regional stock markets, buoyed by the stronger Wall Street overnight. Regional markets’ sentiment received a boost following the biggest gains on Wall Street in four years after a US Federal Reserve policymaker said the case for an interest rate increase next month seems less compelling than it was a few weeks ago. The FBM KLCI rose 21.33 points or 1.35% to 1,601.7, after moving between 1,579.98 and 1,601.7 throughout the day. Gainers more than tripled losers by 726 to 206, while 222 counters remained unchanged. Total volume declined to 2.1 billion units valued at RM2.31 billion from Wednesday’s 2.15 billion units valued at RM2.27 billion.

Stocks on Bursa Malaysia ended higher for the second consecutive day yesterday lifted by gains on selected heavyweights. The local market received a boost from the stimulus measures in China after recovering from Monday’s global selloff. China’s central bank cut its key lending rate by 0.25 percentage points to 4.6%, the fifth interest rate cut since November, in an effort to stabilise the country’s stock markets. The world’s second-largest economy’s central bank also reduced the statutory reserve requirement to effectively freeing the country’s banks to lend more cash. At close, the FBM KLCI rose 16.43 points or 1.05% to 1,580.37, after moving between 1,554.37 and 1,585.59 throughout the day. Gainers and losers stood at 407 each, while 320 counters remained unchanged. Total volume fell to 2.15 billion units valued at RM2.27 billion from 2.78 billion units valued at RM2.76 billion on Tuesday.

Stocks on Bursa Malaysia finished on a firmer note yesterday helped by gains in heavyweights. The firmer bourse was in line with most Asian markets, which rose on bargain hunting in oversold blue chips, as well stock buyback by some of the companies. On the local front, the government announced the set-up of a special economic committee to ensure the country will maintain its economic growth momentum. The FBM KLCI was 31.8 points or 2.08% better at 1,563.64, after moving between 1,503.68 and 1,568.42 throughout the day. Losers outpaced gainers by 487 to 381 with 335 counters unchanged. Total volume rose to 2.78 billion units valued at RM2.76 billion from 2.58 billion units at RM2.5 billion on Monday.