Monday, January 7, 2013

FBM KLCI - poised to test 1700


Stocks on Bursa Malaysia ended on a mixed note last Friday, prompted by profit-taking activities mostly seen in telecommunication companies ahead of the weekend. Losses in Axiata and DiGi dragged down the FBM KLCI 0.07 of a point lower to 1,692.58, just a hair’s breadth away from Thursday's all-time high close of 1,692.65. However, losses were capped by big gains in Sime Darby and PPB Group. On Friday-to-Friday basis, the FBM KLCI rose 11.25 points compared with previous Friday's closing of 1,681.33. Gainers led losers by 381 to 314 with 360 counters unchanged. Total volume increased to 1.256 billion units valued at RM1.688 billion compared with Thursday's 1.128 billion shares worth RM1.825 billion. Weekly turnover surged to 4.093 billion units valued at RM6.02 billion with previous week's 2.92 billion shares worth RM3.941 billion. ...Read more>>

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