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Monday, September 9, 2013

FBM KLCI - likely to stay sideways range-bound


Stocks on Bursa Malaysia ended last Friday on a positive note, supported by gains in selected blue-chips. The FBM KLCI gained 2.83 points or 0.16% to close at 1,723.8 after opening one point lower at 1,719.97 and moved between 1,719.83 and 1,726.28 throughout the day. However, on a weekly basis, the benchmark index lost 3.78 points from previous Friday's 1,727.58. Gainers led losers by 352 to 339, while 280 counters were unchanged. Turnover stood at 1.1 billion shares worth RM1.45 billion against 1.59 billion shares worth RM1.66 billion on Thursday, and weekly turnover declined to 6.6 billion shares valued at RM7.62 billion from previous week's 9.490 billion shares valued at RM12.550 billion. ...Read more>>

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