Stocks on Bursa Malaysia closed higher yesterday amid fresh signs of global economic recovery, boosted by investors' appetite for riskier asset, and fund managers' renewed interest in finance counters after a recent sell down provided support to the key index. The benchmark FBM KLCI touched a high of 1,502.53 before ending at 1,485.26, a 0.89% or 13.16 point increase over Wednesday's close. The index had opened higher by 14.82 points at 1,486.92 and had hit a low of 1,484.42. Gainers led losers by 514 to 279 while 309 counters were unchanged. A total of 1.66 billion shares worth RM1.79 billion changed hands compared with 1.53 billion shares worth RM2.02 billion on Wednesday.
Stocks on Bursa Malaysia ended higher yesterday in line with regional bourses amid fresh buying on key heavyweights, but investors mostly remained cautious because of the lingering Euro-zone debt crisis. The FBM KLCI rose 27.38 points or 1.89% to close at 1,472.10 after opening 0.23 point lower at 1,444.49. Gainers led losers by 417 to 352 while 283 counters were unchanged. Turnover rose to 1.534 billion shares valued at RM2.024 billion from Tuesday’s 1.304 billion shares worth RM2.563.
Stocks on Bursa Malaysia closed higher yesterday buoyed by positive global sentiment which prompted investors to seek bargains among beaten-down stocks. The local bourse’s positive momentum was in tandem with major Asian markets amid hopes that Euro-zone leaders would unveil fresh measures to resolve the debt crisis. Sentiment was further lifted by a robust US Thanksgiving weekend retail sales, as well as, a firmer overnight close on Wall Street. The benchmark FBM KLCI ended 13.17 points or 0.92% higher at 1,444.72 supported by institutional buying of finance stocks, it opened 6.22 points higher at 1,437.77. Gainers beat losers by 471 to 273 while 272 counters were unchanged. Turnover reduced to 1.304 billion shares valued at RM1.563 from last Friday’s 1.577 billion shares worth RM1.098 billion.