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Friday, December 14, 2012

FBM KLCI - sign of exhaustion

Stocks on Bursa Malaysia closed slightly higher yesterday despite mild profit- taking activities in financial and industrial counters. The benchmark FBM KLCI ended 3.0 points or 0.18% higher at 1,652.75, lifted by gains in most palm oil and plantation-based counters. The index moved between 1,649.44 and 1,656.62 throughout the day after opening 2.48 points higher at 1,652.53. Losers led gainers by 365 to 306 while 324 counters were unchanged. Volume shed to 881.12 million shares, worth RM1.54 billion, from Wednesday's 950.47 million shares, worth RM1.77 billion. ...Read more>>

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