Tuesday, January 29, 2013

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia closed slightly higher last Friday on late bargain hunting after a mixed performance throughout the day. The FBM KLCI added 1.88 points or 0.11% to close at 1,637.13 after moving between 1,634.1 and 1,643.84 throughout the day, and on a Friday-to-Friday basis, the benchmark index lost 39.31 points or 2.34% from previous Friday's 1,676.44. Gainers led losers by 381 to 305 while 307 counters were unchanged. Volume fell to 1.03 billion shares worth RM1.65 billion from 1.16 billion shares worth RM1.67 billion on Wednesday, and weekly turnover declined to 5.29 billion units worth RM8.18 billion from previous week's 6.41 billion units worth RM7.97 billion. ...Read more>>

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