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Thursday, August 20, 2015

FBM KLCI - higher amid profit taking

Stocks on Bursa Malaysia finished higher for the second day yesterday on bargain hunting in Genting stocks and trade and services heavyweights. The local bourse stayed on a positive note throughout the trading session despite fragile investor sentiments over fear the rebound could be short-lived. Meanwhile, Asian equities were mostly lower as investors were wary over China’s economic stability following the early steep fall of its shares. The FBM KLCI was 2.84 points or 0.18% better at 1,582.44, after moving between 1,562.88 and 1,584.05 throughout the day. Gainers led losers by 557 to 259 with 298 counters unchanged. Total volume fell to 1.89 billion units valued at RM1.78 billion from 2.25 billion units valued at RM2.11 billion on Tuesday. Read more >>

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