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Monday, November 26, 2012

FBM KLCI - bearish outlook with a possibility of rebound


Stocks on Bursa Malaysia ended lower last Friday as investors were cautiously sidelined on renewed speculation that the general election will be held soon. The speculation arose due to the upcoming UMNO general assembly, which will be held this week, and the market was expecting the Parliament to be dissolved anytime soon. The benchmark FBM KLCI slipped 4.23 points or 0.26% to 1,614.32, after hovering between 1,611.09 and 1,618.73. Losers led gainers by 436 to 215, while 335 counters were unchanged. Volume rose to one billion shares worth RM1.49 billion from Thursday's 892.34 million shares worth RM1.57 billion. ...Read more>>

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