Monday, October 22, 2012

FBM KLCI - likely to extend uptrend


Stocks on Bursa Malaysia ended on a mixed note last Friday with the FBM KLCI registering an all-time intra-day high of 1,670.16 points, largely driven by the rise in banking stocks led by Public Bank which announced its financial results on Thursday, and also telecommunication stocks. At close, the barometer index ended 0.93 of a point or 0.06% higher at 1,666.35, and week-on-week, it gained 12.99 points from previous Friday's closing of 1,653.36. Losers outnumbered gainers by 409 to 294 while 338 counters were unchanged. Total turnover rose to 1.379 billion shares, worth RM2.186 billion, from Thursday's 1.297 billion shares valued at RM1.533 billion. Weekly turnover rose to 5.956 billion shares worth RM7.976 billion from previous week's  4.477 billion shares worth RM6.601 billion. ...Read more>>

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