FBM KLCI surges to two-month high

In yesterday’s session, KLCI-component stocks were overwhelmingly in the positive, with 27 gainers, two decliners and one closed unchanged. Dealers said the market undertone was improving and could be fuelled by recovery hopes.

KUALA LUMPUR: Share prices on Bursa Malaysia rose sharply yesterday, with index-linked counters posting nearly across-the-board gains and leading the FBM KLCI to a gain of 2.03%.

At the closing bell, the FBM KLCI surged 30.94 points, or 2.03% to 1,553.37, the highest in two months.