Shares on Bursa Malaysia closed higher today after the US Federal Reserve unexpectedly announced it decision not to
scale back its stimulus programme until the economy improves further, dealers said.
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 21.51 points to 1,792.91 after hovering between 1,787.38 and 1793.94 throughout the day.
A dealer said the market tracked regional sentiment as investors cheered the news which assured that fund flows into the emerging markets would continue in the short-term.
"Some short covering earlier resulted in a fantastic rally. People who were short selling the market, in anticipation of quantitative easing measures, were buying back shares," he said.
On the scoreboard, the Finance Index soared 187.779 points to 16,852.08, the Plantation Index jumped 62.739 points to 8,393.6 the Industrial Index was up 38 points at 3,047.29 while the FBM Emas Index chalked-up 150.43 points to 12,441.
The FBMT100 perked 140.72 points to 12,181.89, the FBM 70 Index rose 140.439 points to 14,099.68 and the FBM ACE Index increased 78.29 points to 5,230.66.
Gainers thrashed losers 701 to 162, with 247 counters unchanged, 478 untraded and 35 others were suspended.
Turnover rose to 1.94 billion shares, worth RM2.73 billion, from Wednesday's 1.43 billion shares worth RM1.48 billion.
Volume on the Main Market rose to 1.54 billion shares, valued at RM2.65 billion, from 1.20 billion shares, worth RM1.42 billion, recorded yesterday.
Turnover on the ACE market jumped to 328.74 million shares, worth RM68.46 million, from Wednesday's 194.4 million shares worth RM48.9 million.
Total warrants dropped to 32.87 million units, valued at RM9.56 million, from 32.93 million units, valued at RM3.7 million, registered on Wednesday.
Among actives, Flonic, Astral Supreme and Integrated Rubber added 1.5 sen each to 12 sen, 21.5 sen and 52 sen, respectively, MAS climbed half-a-sen to 32.5 sen and Green Ocean perked 5.5 sen to 21 sen.
As for heavyweights, Maybank added four sen to RM10.24, Axiata and Sime Darby earned two sen each to RM6.90 and RM9.51, respectively, CIMB chalked up 22 sen to RM7.82 and Petronas Chemicals gained seven sen to RM6.86.
Consumer products accounted for 101.39 million shares on the Main Market; industrial products 304.67 million; construction 67.99 million; trade and services 515.45 million; technology 74.05 million; infrastructure 42.59 million; SPAC 120.57 million; finance 75.39 million; hotels 1.05 million; properties
209.25 million; plantations 21.36 million; mining 109,400; REITs 10.96 million; and closed/fund 18,300.-- Bernama