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Tuesday, February 5, 2013

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed higher yesterday in brisk trading activity, lifted by gains in blue-chips and plantation counters with PATIMAS and MISC hogging the limelight. The local bourse rebounded yesterday following the better than expected US jobs data released last Friday as well as positive growth in China’s purchasing managers’ index (PMI) for the non-manufacturing sector. The FBM KLCI ended 7.0 points or 0.43% higher at 1,634.55, after opening at 1,634.54 and hovered between 1,630.69 and 1,639.58. Losers led gainers by 405 to 285, while 338 counters were unchanged. Volume rose to 1.355 billion shares valued at RM1.739 billion from last Thursday's 1.074 billion shares valued at RM2.013 billion. ...Read more>>

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