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Monday, May 6, 2013

FBM KLCI - likely to rebound


Stocks on Bursa Malaysia closed sharply lower last Friday on heavy profit-taking centred mainly on heavyweights as investors reduced their exposure ahead of the 13th general election over the weekend. The FBM KLCI slipped 18.69 points, or 1.09%, to end the day at 1,694.77 points after fluctuating between 1,685.28 and 1,712.03 throughout the day. On a weekly basis, the key index fell 16.52 points from previous Friday's 1,711.29. Losers outpaced gainers by 544 to 236, with 289 counters unchanged. Total volume rose to 933.243 million shares worth RM2.315 billion from the 809.002 million shares worth RM1.986 billion on Thursday. Weekly turnover fell to 3.235 billion shares worth RM7.97 billion from last week’s 3.79 billion shares worth RM8.22 billion. ...Read more>>

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