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Thursday, November 8, 2012

FBM KLCI - in consolidation with a bearish bias

Stocks on Bursa Malaysia closed slightly lower yesterday for the third consecutive day due to profit-taking and less buying interest from local players as a lack of follow-through support weighed on the day’s market as investors remained on the sidelines ahead of the two-day holidays next week – Deepavali and Maal Hijrah. The FBM KLCI was 0.10 of a point lower at 1,645.53 after hovering between 1,643.29 and 1,649.94 throughout the trading session. Losers led gainers by 367 to 310, while 351 counters were unchanged. Volume fell to 1.207 billion shares worth RM1.709 billion from Tuesday's 1.267 billion shares worth RM1.66 billion. ...Read more>>

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