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Monday, December 23, 2013

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia continued their downtrend to close lower last Friday, dampened by subdued demand from investors, as many investors were on the sidelines ahead of the weekend and Christmas celebration this week, and this reflected in the day's low volume transaction. The FBMKLCI finished the day 8.15 points or 0.44% lower at 1,838.03 after opening 2.61 points higher at 1,848.79. On a weekly basis, the key index fell 2.32 points from last Friday’s 1,840.35 after registering an all- time high of 1,851.94. Losers trounced gainers by 506 to 261, while 313 counters were unchanged. Daily volume fell to 980.253 million shares worth RM1.366 billion from Thursday's 1.062 billion shares worth RM1.559 billion. Weekly turnover slipped to 5.36 billion shares worth RM7.6 billion from previous week’s 5.96 billion shares worth RM8.87 billion. ...Read more>>

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