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Thursday, January 8, 2015

FBM KLCI - downward momentum reducing

Stocks on Bursa Malaysia finished on an easier note yesterday but recovered from the day’s low on better-than-expected November 2014 export data, and investors started nibbling at value buy selectively, but trading was still in cautious mode with global crude oil price bearishness still unresolved. The benchmark FBMKLCI eased 7.40 points, or 0.43%, dragged down by losses in selected blue chips, to close at 1,709.18, off the day’s low of 1,706.18. Gainers outpaced losers by 413 to 353 with 295 counters unchanged. Total volume fell slightly to 1.61 billion units worth RM2.1 billion from 1.64 billion units worth RM1.9 billion on Tuesday. Read more >>

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