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Monday, November 25, 2013

FBM KLCI - likely to move sideways range-bound


Stocks on Bursa Malaysia recovered after two days of poor performance to close mixed last Friday following the positive gains on Wall Street. Key indices on Wall Street were up between 0.7 percent and 1.2 percent, driven primarily by better job market report. The Dow Jones Industrial Average closed above 16,000 for the first time to reach a new record high. The FBMKLCI ended 0.13 of a point or 0.01% lower at 1,794.52 from Thursday's 1,794.65, after hovering between 1,791.31 and 1,795.75 throughout the day. On a weekly basis, the FBM KLCI ended 4.65 points higher from 1,789.87. Gainers led losers by 416 to 324, while 335 counters were unchanged. Total turnover fell to 1.5 billion shares worth RM1.69 billion from 2.32 billion shares valued at RM2.11 billion on Thursday. Weekly total turnover declined to 8.94 billion shares valued at RM10.58 billion from previous week's 9.872 billion shares worth RM9.515 billion. ...Read more>>

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