Improving risk appetite pushed the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to a one-month high at mid-morning today, dealers said.
At 10.45am, the key index advanced 1.7 per cent or 25.02 points to 1,497.12 after opening 14.82 points higher at 1,486.92.
The 1,490-point level was last seen on Oct 31.
Market breadth was bullish with 477 gainers and 154 losers with 571.52 million shares valued at RM581.44 million changing hands.
A dealer said risk appetite surged across the globe after the world's leading central banks acted jointly to inject much-needed liquidity into the global financial system.
Central banks in the US, Europe, UK, Canada, Japan and Switzerland have agreed to cut the cost of existing US dollar swap lines by 50 basis points from next Monday in a bid to help European banks hurt as a result of euro zone debt crisis.
Sentiment was further supported by news of China's central bank cutting the reserve requirement ratio for its commercial lenders for the first time in three years to ease credit strains and shore up the slowing economic growth.
On Bursa Malaysia, the Finance Index surged 250.77 points to 13,408.53, the Plantation Index jumped 129.99 points to 7,820.01 and the Industrial Index gained 42.82 points to 2,678.03.
The FBM Emas Index advanced 146.51 points to 10,210.50, the FBM Mid 70 Index perked 100.38 points to 11,019.47 and the FBM Ace Index added 11.25 points to 4,146.37.
Among volume leaders, Extol MSC rose 2 sen to 19.5 sen, 1 Utopia was 1 sen higher at 9 sen while Hubline declined 0.5 sen to 9.0 sen.
As for heavyweights, Maybank advanced 17 sen to RM8.47, Sime Darby gained 3 sen to RM9.03 and CIMB jumped 15 sen to RM7.29. -- Bernama
At 10.45am, the key index advanced 1.7 per cent or 25.02 points to 1,497.12 after opening 14.82 points higher at 1,486.92.
The 1,490-point level was last seen on Oct 31.
Market breadth was bullish with 477 gainers and 154 losers with 571.52 million shares valued at RM581.44 million changing hands.
A dealer said risk appetite surged across the globe after the world's leading central banks acted jointly to inject much-needed liquidity into the global financial system.
Central banks in the US, Europe, UK, Canada, Japan and Switzerland have agreed to cut the cost of existing US dollar swap lines by 50 basis points from next Monday in a bid to help European banks hurt as a result of euro zone debt crisis.
Sentiment was further supported by news of China's central bank cutting the reserve requirement ratio for its commercial lenders for the first time in three years to ease credit strains and shore up the slowing economic growth.
On Bursa Malaysia, the Finance Index surged 250.77 points to 13,408.53, the Plantation Index jumped 129.99 points to 7,820.01 and the Industrial Index gained 42.82 points to 2,678.03.
The FBM Emas Index advanced 146.51 points to 10,210.50, the FBM Mid 70 Index perked 100.38 points to 11,019.47 and the FBM Ace Index added 11.25 points to 4,146.37.
Among volume leaders, Extol MSC rose 2 sen to 19.5 sen, 1 Utopia was 1 sen higher at 9 sen while Hubline declined 0.5 sen to 9.0 sen.
As for heavyweights, Maybank advanced 17 sen to RM8.47, Sime Darby gained 3 sen to RM9.03 and CIMB jumped 15 sen to RM7.29. -- Bernama
