SHARE prices on Bursa Malaysia closed higher after the US Federal Reserve unexpectedly announced its 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.
On the scoreboard, the Finance Index soared 187.78 points to 16,852.08, the Plantation Index jumped 62.74 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 140.44 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.
Among actives, Flonic, Astral Supreme and Integrated Rubber added 1.5 sen each to 12 sen, 21.5 sen and 52 sen, respectively.
Meanwhile, FBM KLCI futures contracts on Bursa Malaysia Derivatives also closed sharply higher.
September 2013 and October 2013 rose 28 points each to 1,795 and 1,798, respectively. December 2013 rose 31 points to 1,796 and March 2014 advanced 30 points to 1,785.
Turnover rose to 10,750 lots, while open interest increased to 55,575 contracts. Bernama