FBM KLCI - rebounded in tandem with regional bourses
Stocks on Bursa Malaysia ended broadly higher yesterday, recovering from three trading days of losses, in tandem with firmer regional bourses following news that US congressional leaders have agreed to raise the debt limit and cut government spending to avoid a potentially disastrous default. The FBM KLCI finished 9.20 points to 1,558.01 after opening 0.98 point higher at 1,549.79. Gainers beat losers by 553 to 225 with 300 counters unchanged. Turnover was lower at 1.009 billion shares, worth RM1.452 billion, from 1.107 billion shares, worth RM1.716 billion, registered last Friday.