Share prices on Bursa Malaysia opened broadly higher today as positive overseas developments buoyed market sentiment.
At 9.10am, the FBM KLCI jumped 1.53 per cent or 22.56 points to 1,494.66 from yesterday's 1,472.10 close.
The benchmark index opened 14.82 points higher at 1,486.92 this morning.
A dealer said the local bourse played catch up with regional markets after central banks in the US, Europe, UK, Canada, Japan and Switzerland took coordinated actions to lower the cost of US dollar borrowings.
HwangDBS Vickers Research said in a research note that the powerful rally on Wall Street overnight would surely reverberate across Asia.
The benchmark FBM KLCI would likely build on its two-day cumulative gains of 40.6 points or 2.8 per cent, possibly overcoming the immediate resistance level of 1,475 ahead, it added.
The Finance Index surged 243.91 points to 13,401.67, the Plantation Index advanced 154.72 points to 7,844.74 and the Industrial Index gained 36.05 points to 2,671.26.
The FBM Emas Index jumped 144.64 points to 10,208.64, the FBM Mid 70 Index perked up 121.32 points to 11,040.41 and the FBM ACE Index increased 36.05 points to 4,171.17.
Trading was active with 182.34 million shares worth RM139.87 million changing hands.
Advancers outpaced decliners by 371 to 35 while 106 counters were unchanged, 968 untraded and 15 others were suspended.
Among the volume leaders, Compugates was flat at nine sen, PJI rose two sen to 17.5 sen and Hubline was half a sen higher at 10 sen.
Among the heavyweights, Maybank advanced 15 sen to RM8.45, CIMB jumped 11 sen to RM7.25 while Sime Darby slipped two sen to RM8.98. -- Bernama
At 9.10am, the FBM KLCI jumped 1.53 per cent or 22.56 points to 1,494.66 from yesterday's 1,472.10 close.
The benchmark index opened 14.82 points higher at 1,486.92 this morning.
A dealer said the local bourse played catch up with regional markets after central banks in the US, Europe, UK, Canada, Japan and Switzerland took coordinated actions to lower the cost of US dollar borrowings.
HwangDBS Vickers Research said in a research note that the powerful rally on Wall Street overnight would surely reverberate across Asia.
The benchmark FBM KLCI would likely build on its two-day cumulative gains of 40.6 points or 2.8 per cent, possibly overcoming the immediate resistance level of 1,475 ahead, it added.
The Finance Index surged 243.91 points to 13,401.67, the Plantation Index advanced 154.72 points to 7,844.74 and the Industrial Index gained 36.05 points to 2,671.26.
The FBM Emas Index jumped 144.64 points to 10,208.64, the FBM Mid 70 Index perked up 121.32 points to 11,040.41 and the FBM ACE Index increased 36.05 points to 4,171.17.
Trading was active with 182.34 million shares worth RM139.87 million changing hands.
Advancers outpaced decliners by 371 to 35 while 106 counters were unchanged, 968 untraded and 15 others were suspended.
Among the volume leaders, Compugates was flat at nine sen, PJI rose two sen to 17.5 sen and Hubline was half a sen higher at 10 sen.
Among the heavyweights, Maybank advanced 15 sen to RM8.45, CIMB jumped 11 sen to RM7.25 while Sime Darby slipped two sen to RM8.98. -- Bernama
