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Monday, April 7, 2014

FBM KLCI - profit-taking correction may continue


Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBMKLCI closed marginally higher thanks to buying support on select finance stocks. Asian stocks were traded mixed as investors remained cautious ahead of jobs report in the United States to be released later at night. The benchmark FBMKLCI ended 0.98 of a point or 0.05% higher at 1,856.61 after hovering between 1,856.27 and 1,869.09 throughout the day. Week-on-week, the key index rose 5.88 points or 0.32% from previous Friday’s 1,850.73. Gainers outpaced losers by 431 to 418 with 318 counters unchanged. Turnover fell to 2.06 billion shares, worth RM2.83 billion, from 2.12 billion shares, valued at RM2.81 billion on Thursday. Weekly turnover rose to 10.44 billion shares, valued at RM12.7 billion, from previous week’s 9.92 billion shares worth RM10.07 billion. ...Read more>>

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