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Friday, November 8, 2013

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed in positive territory yesterday, as overnight gains in US stocks breathed life into the local bourse. Strong buying interest was seen in the local market yesterday, despite the fall in most Asian stocks, following reports that the US Federal Reserve would continue its stimulus efforts given the weak economic climate. The FBM KLCI ended at 1,806.61, up 3.56 points or 0.20% after hitting an intra-day low of 1,798.46. Gainers edged losers by 417 to 362, with 328 counters unchanged. Total volume stood at 1.976 billion shares worth RM1.898 billion against 2.121 billion shares worth RM2.127 billion on Wednesday. ...Read more>>

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