KUALA LUMPUR (Dec 7): The FBM KLCI rose 2.74 points or 0.2% with Asian shares in anticipation that the European Central Bank (ECB) would extend its quantitative easing to support the region's economy.

Such sentiment offered liquidity hope in Asian markets, where investors seek higher returns for their money. At 5pm, the KLCI closed at 1,632.47 points.

Elsewhere, Japan’s Nikkei 225 ended 0.74% higher while Hong Kong’s Hang Seng increased 0.55%. Reuters reported that Asian shares rose as investors looked to the coming policy meeting of the ECB tomorrow for comfort after a referendum defeat tipped Italy into political turmoil.

In Malaysia today, Inter-Pacific Research Sdn Bhd research head Pong Teng Siew told theedgemarkets.com that the stock market was trading as though it was on "holiday mood".
 
“Not much is happening today. Most investors are probably on holiday mood now,” Pong said, citing Bursa Malaysia's thin trading volume as evidence of a quiet market.

Bursa Malaysia saw 1.04 billion shares worth RM1.37 billion traded. Decliners outnumbered gainers at 414 to 283.