Market climb higher

KLCI up 14 points to close at 1,411. The market gone up in-line with the higher overnight close at Dow Jones and also major European markets.

In fact, it was the fourth consecutive days market has gone up.

The market is in the positive side as news that Germany and France are coming up with a resolution by the end of the month to resolve the euro zone debt crisis and also rescue the Europe region's struggling financials.

A move to nationalize Franco-Belgian bank Dexia was seen as an encouraging step taken by the government to help to fight the crisis.

This was also help by the oversold level from last month sell-off.

Sime Darby share played catch-up in the afternoon session after resumed trading from morning session suspension. It was closed at RM8.50 up 0.10.