Stocks on Bursa Malaysia closed higher yesterday on buying interest in blue-chips and heavyweights, in line with regional bourses as China’s decision to cut the lending rate had boosted the country’s economy and strengthened optimism in the global economy. The FBMKLCI rose by 24.64 points or 1.36% to close at 1,833.77, after hovering between 1,809.63 and 1,833.77 throughout the day. Market breadth was positive with gainers outpacing losers by 510 to 297 with 290 counters unchanged. Total volume increased to 2.24 billion units worth RM1.91 billion from 1.77 billion units worth RM1.66 billion on last Friday. Read more >>
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