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Thursday, January 17, 2013

FBM KLCI - continued sliding southward

Stocks on Bursa Malaysia closed mixed yesterday as sentiment remained fragile weighed down by weaker regional markets following the lower-than-expected global economic growth forecast by the World Bank. Elsewhere, US stocks were higher overnight on upbeat retail data, but in Japan and Hong Kong shares retreated on profit-taking. The FBM KLCI lost 2.94 points or 0.17% to 1,682.95 after opening 0.63 of a point higher at 1,686.52, the benchmark index hovered between 1,687 to 1,677.98 throughout the day. Gainers led losers by 368 to 338, while 328 counters were unchanged. Volume increased to 1.486 billion shares worth RM1.7 billion from 1.164 billion shares worth RM1.595 billion on Tuesday. ...Read more>>

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