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Friday, December 28, 2012

FBM KLCI - sign of toppishness

Stocks on Bursa Malaysia staged a late rally yesterday which pushed the FBM KLCI to almost break the all-time high of 1,679.37 recorded end-October. Other regional bourses also closed on a firm note. The benchmark index, which hit 1,679.23 at 3.09 pm, retreated and closed 2.58 points or 0.15% higher at 1,674.16 after opening 1.74 points higher at 1,673.32, has been hovering above 1,670 since trading opened. Gainers thumped losers by 396 to 278 while 323 counters were unchanged. Total volume surged to 847.551 million shares worth RM1.16 billion from 598.845 million shares worth RM703.926 million on Wednesday. ...Read more>>

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