Monday, January 21, 2013
FBM KLCI - correction likely to continue
Stocks on Bursa Malaysia closed lower last Friday in spite of advances in regional markets lifted by upbeat economic data from the US and China. The FBM KLCI lost 4.65 points or 0.28% to 1,676.44 after opening 1.70 points higher at 1,682.79. On a Friday-to-Friday basis, the benchmark index declined 6.26 points from 1,682.70 previously. Losers led gainers by 362 to 299 while 346 counters were unchanged. Volume decreased to 1.102 billion shares worth RM1.566 billion from 1.445 billion shares worth RM1.813 billion on Thursday, while weekly turnover increased to 6.41 billion units worth RM7.97 billion from previous week's 5.94 billion units valued at RM7.653 billion. ...Read more>>


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