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Friday, March 13, 2015

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia snapped a three-day losing streak to end higher yesterday, spurred by persistent buying momentum in heavyweights, a rebound in the ringgit and moving in tandem with the uptrend in regional bourses following South Korea’s surprise move to cut interest rates. The benchmark FBM KLCI rose 8.71 points or 0.49% to close at 1,786.87, after fluctuating between 1,780.65 and 1,789.92 throughout the day. Gainers outpaced losers by 537 to 313 with 310 counters unchanged. Total volume rose to 2.9 billion shares worth RM2.2 billion compared to 2.5 billion shares worth RM2.2 billion on Wednesday. Read more >>

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