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Thursday, July 18, 2013

FBM KLCI - higher on last minute buying

Stocks on Bursa Malaysia rebounded to close higher yesterday on last-minute buying, which helped push the FBM KLCI into positive territory. The key index swung between gains and losses in the absence of fresh leads and was in a consolidation mode ahead of the US Federal Reserve chairman Ben Bernanke's twice-yearly monetary policy report to the Congress yesterday and today. The FBM KLCI ended 2.27 points higher at 1,788.66, after moving between 1,789.48 and 1,784.47 throughout the day. Market breadth was positive, with 482 gainers and 323 losers, while 288 counters were unchanged. Turnover increased to 1.593 billion shares worth RM2.432 billion from the 1.402 billion shares worth RM1.944 billion on Tuesday. ...Read more>>

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