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Wednesday, September 26, 2012

FBM KLCI - a technical rebound

Stocks on Bursa Malaysia closed mostly higher yesterday, driven by gains in selected heavyweights as the market recouped some of its earlier losses. Despite the lingering European debt crisis, stimulus initiatives undertaken by central banks of major economies gave hope for a market rebound in global markets. The FBM KLCI closed 6.20 points or 0.38% higher at 1,618.58 after hitting an intra-day low of 1,603.09. Gainers beat losers by 331 to 329 while 342 counters were unchanged. Turnover surged to 989.375 million shares worth RM1.471 billion from 827.15 million shares worth RM1.351 billion registered on Monday. ...Read more>>

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