Friday, October 11, 2013
FBM KLCI - bullish reversal sign
Stocks on Bursa Malaysia extended earlier gains to close broadly higher yesterday, lifted by buying interest in blue-chips and key heavyweights, as market sentiment improved amid signs that US lawmakers could raise the debt ceiling and on optimism Janet Yellen would not rush to withdraw the stimulus package if she becomes the Federal Reserve chairman. The FBM KLCI ended 6.8 points or 0.38% higher at 1,775.92, after fluctuating between 1,775.04 and 1,769.12 throughout the day. Market breadth was positive with gainers thumping losers by 501 to 264, with 282 counters unchanged. Turnover expanded to 1.86 billion shares worth RM1.566 billion from 1.516 billion shares worth RM1.351 billion on Wednesday. ...Read more>>

No comments:
Post a Comment