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Friday, August 3, 2012

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia ended marginally higher in mixed trading yesterday bolstered by gains seen in selected heavyweights led by Petronas Gas and Tenaga. The uncertainty over the outcome of the ECB meeting later yesterday and the lack of fresh stimulus by the US Fed kept some investors on the sideline. The FBM KLCI was 0.98 point higher at 1,633.45 after moving between 1,630.43 and 1,635.43. Losers led gainers by 465 to 303, while 346 counters closed unchanged. Volume eased to 1.175 billion shares worth RM1.647 billion from 1.354 billion shares valued at RM1.864 billion on Wednesday. Read more...

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