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Thursday, September 19, 2013

FBM KLCI - in consolidation, likely to breakout

Stocks on Bursa Malaysia closed lower yesterday ahead of the much-anticipated US Federal Reserve policy meeting. The markets took a breather ahead of what was expected to be the first tentative step by the Federal Reserve as investors are cautiously anticipating the US central bank to cut its US$85 billion monthly asset buying. The FBM KLCI fell 3.54 points or 0.20% to 1,771.40 after hovering  between 1,769.69 and 1774.78. Gainers led losers by 405 to 312, with 320 counters unchanged. Turnover fell to 1.43 billion shares worth RM1.48 billion from Tuesday's 1.5 billion shares worth RM1.74 billion. ...Read more>>

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