FBM KLCI - likely to stay range-bound

Stocks on Bursa Malaysia ended broadly higher last Friday as strong buying of heavyweights like Maybank, IOI Corporation and Petronas Dagangan in late evening prompted the FBM KLCI to close at the day’s high of 1,622.08, making a gain of 8.03 points or +0.50%. On a weekly basis, the FBM KLCI loss 5.85 points or -0.4% from previous Friday's closing of 1,627.93. Gainers thumped losers by 388 to 259 with 318 counters unchanged. Total volume dropped to 831.57 million shares, worth RM1.497 billion, from Thursday's 1.169 billion units valued at RM1.69 billion, while total turnover for the regular week amounted to 5.021 billion units worth RM7bil, compared with 2.18 billion shares valued at RM3.73bil during the three-day holiday-shortened previous week. ...Read more>>