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Monday, April 1, 2013

FBM KLCI - poised for a correction


Stocks on Bursa Malaysia closed mixed in thin trade last Friday as weak performance in regional markets kept investors sidelined. The Asian markets showed mixed performance amid poor economic data from Japan, the world’s third largest economy, and quiet trading due to the Easter holiday with markets in Australia, Hong Kong and Singapore closed. The FBM KLCI slipped 2.41 points or 0.14% to close at 1,671.63, after opening 5.96 points higher at 1,680. On a weekly basis, the key index gained 44.74 points from previous week's 1,626.89. Advancers and decliners were at the same level of 346, with 293 counters unchanged. Turnover declined to 610.18 million shares worth RM1.169 billion from Thursday's 917.244 million shares worth RM2.073 billion. Weekly turnover reduced to 4.048 billion shares worth RM8.905 billion, compared with 4.594 billion shares valued at RM8.177 billion previously.  ...Read more>>

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