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Friday, October 10, 2014

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded to close broadly higher yesterday after two consecutive days of losses, moving in tandem with most Asian equity markets after the US Federal Reserve said it would not rush into raising interest rates. However, the local market players were cautious ahead of the Budget 2015 to be tabled today. The benchmark FBMKLCI rose 5.41 points or 0.30% to close at 1,829.73 after moving between 1,824.95 and 1,830.80 throughout the day. Market breadth was positive with advancers trouncing decliners by 609 to 229 while 266 counters were unchanged. Total volume reduced to 1.81 billion shares worth RM1.85 billion compared with 2.57 billion shares worth RM2.49 billion on Wednesday. Read more >>

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