KUALA LUMPUR (Sept 14): Bursa Malaysia's share price marches ahead after the opening bell in the afternoon session. The FBM KLCI shot up 31 points, or 1.94%, to 1,634.7 points following the announcement of special measures to address some of the economic problems that the country is now facing.

This morning Prime Minister Datuk Sri Najib Razak announced measures to support Malaysia's economy, including a RM20 billion allocation to ValueCap to prop up the stock market.

Najib also announced other measures such as the exemption of import duties for companies in the factory sector.

Following the announcement, index-linked stocks saw their share prices rise, with almost all of the KLCI's constituents registering gains, led by Tenaga Nasional Bhd, DiGi.com Bhd and Sime Darby Bhd.

Bursa Malaysia saw 1.51 billion shares worth RM1.29 billion exchanged. Gainers slightly edged decliners at 377 versus 371, while 283 counters were unchanged.

The top gainers were Tenaga, which surged 82 sen or 7.3% to RM12.04; Sime Darby, which soared 56 sen or 7.8% to RM7.73; and DiGi.Com Bhd, which gained 27 sen or 5% to RM5.59.

The most actively traded counter on Bursa was KLCI put warrant FBMKLCI-C12.

Reuters reported that Asian shares came under pressure on Monday after Chinese markets were hit by soft economic data, while the dollar sagged as investors questioned whether the US Federal Reserve will be confident enough to raise rates for the first time in almost a decade.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was wavering between positive and negative territory.

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