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Monday, October 8, 2012

FBM KLCI - in a bullish mood


Stocks on Bursa Malaysia ended slightly lower last Friday, tracking losses in selected blue-chips on mild profit-taking. Investors took profits in late trading following Thursday's sharp gains as the local bourse failed to move up in the absence of fresh external catalysts ahead of the release of monthly report on jobs situation in the US. The FBM KLCI lost 1.24 points or 0.07% to 1,660.23 after hitting a fresh new all-time intra-day high of 1,668.32. On a weekly basis, the FBM KLCI gained 23.57 points compared with 1,636.66 the previous Friday. Gainers beat losers by 359 to 334, while 363 counters were unchanged. Turnover rose to 979.983 million shares worth RM1.385 billion from 965.036 million shares worth RM1.596 billion on Thursday, while weekly volume in turnover eased to 4.430 billion shares worth RM7.047 from 4.431 billion shares worth RM7.457 billion the previous week. ...Read more>>

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