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Monday, June 17, 2013

FBM KLCI - likely to further consolidate


Stocks on Bursa Malaysia rebounded from recent losses to close on a firm note last Friday, as sharp gains in regional equity markets on positive economic data from US sparked buying interest on the local bourse. The FBM KLCI rose 19.32 points or 1.11% to close at 1,762.19 after opening 6.54 points higher at 1,749.41. Week-on-week, the key index lost 13.4 points from previous Friday's 1,775.59. Market breadth was positive as gainers thumped losers 526 to 221, with 319 counters unchanged. Volume declined to 1.869 billion units worth RM2.119 billion from 2.134 billion units valued at RM2.794 billion on Thursday. Weekly turnover rose to 10.38 billion shares worth RM12.234 billion from 10.11 billion shares valued at RM11.12 billion last week. ...Read more>>

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