FBM KLCI - brokeout from consolidation range

Stocks on Bursa Malaysia remained firm at close yesterday, as investors increased their holdings in selected heavyweights and index-linked counters on the back of improved market sentiments, as better US job data released on Friday has somehow lifted market sentiments and boosted regional bourses including Malaysia. At close, the FBM KLCI rose 4.39 points or 0.27% to 1,639.43, after opening 0.54 of a point lower at 1,634.5, and hovered between 1,634.5 and 1,641.03 throughout the day. Gainers outnumbered losers by 402 to 328 while 328 counters closed unchanged. Total volume improved to 1.078 billion shares worth RM1.536 billion compared with Friday’s closing at 950.482 million shares worth RM1.528 billion. Read more...