FBM KLCI - higher on follow through buying

Stocks on Bursa Malaysia closed higher yesterday on bargain hunting in selected finance heavyweights. Window dressing activities in selected index-linked counters, especially finance, helped lift the FBM KLCI but further upside was capped by cautious sentiment amid weak regional stock markets, as Asian stocks took a breather following declines on Wall Street after a rise in US inflation. The FBM KLCI closed 5.06 points or 0.28% higher at 1,819.1, after moving between 1,812.18 and 1,823.19 throughout the day. Gainers led losers by 449 to 391 with 298 counters unchanged. Total volume rose to 2.03 billion units worth RM2.12 billion from 1.94 billion shares worth RM1.83 billion on Tuesday. Read more >>