KUALA LUMPUR (Sept 21): The FBM KLCI rose 2.95 points or 0.2%, tracking Japan shares after the Bank of Japan (BOJ) said it would buy long-term Government bonds under its monetary policy. Reuters reported world stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the BOJ surprised markets by adopting a target for long-term interest rates. After the BOJ, investors will closely watch the U.S. Federal Reserve, which will also announce its monetary policy, following the conclusion of a two-day meeting today. The biggest gainer and decliner was PPB Group Bhd and British American Tobacco (M) Bhd, respectively. The most actively-traded counters included Felda Global Ventures Holdings Bhd and AirAsia Bhd.

Source: The Edge Markets September 21, 2016 10:07 UTC