FBM KLCI - the bulls were in control

Stocks on Bursa Malaysia closed higher yesterday as the market moved into positive territory in the late afternoon session in tandem with advances in regional markets. Market sentiment was boosted by expectations of stimulus measures by central banks globally to boost economic growth. The benchmark FBM KLCI advanced 6.58 points or 0.40% to a new-all-time-high of 1,652.90. Advancers outnumbered decliners by 362 to 349 while 325 counters were unchanged. Turnover increased to 1.015 billion shares worth RM1.255 billion from 982.567 million shares worth RM1.226 billion on Monday. Read more...