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Friday, September 19, 2014

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBMKLCI staged a late rebound to close slightly higher as most traders stayed on the sidelines awaiting the outcome of Bank Negara Malaysia's Monetary Policy Committee meeting yesterday. The committee decided to maintain the Overnight Policy Rate at 3.25%. The FBMKLCI rose by 1.54 points or 0.08% to end at 1,845.32 after hitting an intra-day low 1,836.90. Losers outpaced gainers by 506 to 309, with 327 counters unchanged. Total volume shrank to 2.06 billion shares worth RM1.84 billion from 2.24 billion shares worth RM2.30 billion on Wednesday. Read more>>

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