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Tuesday, July 9, 2013

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia ended lower yesterday on weak buying momentum amid external volatility as sentiment remained cautious ahead of the start of the second quarter 2013 results season this week, and investors were also getting nervous ahead of the US Federal Reserve Chairman Ben S. Bernanke's speech on monetary policy scheduled for July 11. The FBM KLCI succumbed to profit taking to settle at 1,762.87, down 9.4 points or 0.53%. The benchmark index hovered between 1,762.87 and 1,774.67 after opening 0.6 of a point better at 1,772.87. Market breadth was negative, with 431 gainers, 314 losers, 291 counters unchanged. Turnover stood at 1.37 billion shares worth RM1.57 billion versus last Friday's 1.63 billion shares worth RM1.96 billion. ...Read more>>

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