Tuesday, September 25, 2012

FBM KLCI - the bear has surfaced

Stocks on Bursa Malaysia closed lower yesterday in line with weaknesses on regional markets plagued by fears of slowing global economic growth and amid the ongoing euro zone debt crisis. Investors were also adopting a cautious “wait-and-see” attitude ahead of the tabling of next year’s budget on Friday. The FBM KLCI lost 11.32 points or 0.7% to 1,612.38 after opening 9.35 points lower at 1,614.35. Losers led gainers by 571 to 183 while 302 counters were unchanged. Turnover decreased to 827.15 million shares worth RM1.351 billion from last Friday's 1.075 billion shares worth RM1.911 billion. ...Read more>>

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