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Monday, June 16, 2014

FBM KLCI - likely to stay range-bound with an upward bias


Stocks on Bursa Malaysia ended slightly higher last Friday on mild buying interest amid profit-taking ahead of the weekend, following the overnight losses on Wall Street. The benchmark FBMKLCI rose 2.87 points or 0.15% to 1,876.74, after opening 2.8 points lower at 1,871.07 and hovered between 1,870.09 and 1,876.74 throughout the day. Week-on week, the key index rose 14.04 points or 0.75% from 1,862.7 on previous Friday. Losers outpaced gainers by 369 to 362, while 340 counters were unchanged. Total volume decreased to 1.26 billion shares valued at RM1.39 billion from 1.18 billion shares worth RM1.45 billion on Thursday. Weekly turnover declined to 6.22 billion shares valued at RM7.62 billion from previous week’s 6.31 billion shares worth RM8.01 billion. Read more>>

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