FBMKLCI ends 0.67pc higher

Bursa Malaysia ended higher today in line with the gains in most
regional markets despite the Spanish bank worries, dealers said.

The
FTSE Bursa Malaysia KLCI (FBM KLCI) closed 10.38 points, or 0.67 per
cent, higher at 1,565.32, after hovering between 1,552.34 and 1,566.13
throughout the day.

The Finance Index soared 101.46 points to
14,002.27, Plantation Index rose 27.78 points to 8,239.69 and the
Industrial Index added 25.5 points to 2,749.15.

The FBM Emas
Index surged 62.38 points to 10,674.93 and the FBM Mid 70 Index
improved 33.31 points to 11,582.46. The FBM ACE Index dropped 30.6
points to 4,268.62.


A dealer said hopes for new measures to boost China's economy
outweighed worries about the health of Spanish banks and their
potentials to worsen Europe's debt crisis.

He
said investors were encouraged to buy oversold shares on hopes China
was on the verge of taking action to shore up its economy.

Another
dealer said there were increasing expectations that China would relax
its monetary policy and also announce fiscal stimulus measures.

"This
has been a predominant theme since Premier Wen Jiabao's comments
showing commitment to keep China's growth from stalling," he said.

Gainers led losers by 416 to 284 while 300 counters were unchanged, 551 untraded and 20 others were suspended.

Turnover
rose to 756.53 million shares, worth RM984.41 million from 735.85
million shares valued at RM897.64 million yesterday. -- Bernama