FBM KLCI - breaking out of consolidation
Stocks on Bursa Malaysia ended higher yesterday on continued positive buying sentiment in line with the firmer regional markets, as investors became more confident following the progress of the European debt crisis and positive economic data coming out of the US and China. The FBM KLCI rose 15.80 points, or 1.04%, to 1,537.09 after opening 5.32 points higher at 1,526.61. Advancers led decliners by 643 to 286 while 298 counters were unchanged. Volume rose to 2.58 billion shares valued at RM2.87 billion from 1.88 billion shares valued at RM2.29 billion on Tuesday. The market was closed on Wednesday for Federal Territory Day holiday.