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Wednesday, January 16, 2013

FBM KLCI - sideways consolidation

Stocks on Bursa Malaysia finished mostly lower yesterday, in line with the broader weaknesses in regional markets. The cautious sentiment set in on concerns over the ongoing US fiscal problems and weak corporate earnings for the first quarter. The FBM KLCI, however, bucked the overall weak trend to finish 1.26 points or 0.07% higher at 1,685.89, lifted by gains in key heavyweights. Losers led gainers by 367 to 338 while 346 counters were unchanged. Volume decreased to 1.16 billion shares worth RM1.60 billion from 1.21 billion shares worth RM1.30 billion on Monday. ...Read more>>

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