FBM KLCI - likely to move higher

Stocks on Bursa Malaysia closed mixed last Friday off their intra-day low with the benchmark FBMKLCI making a gain of 5.12 points or 0.28% to 1,812.72 after hovering between 1,804.27 and 1,812.72 during the entire trading session. On a weekly basis, the FBMKLCI rose 18.2 points or 1.01% from previous Friday’s 1,794.52. Losers led gainers by 402 to 347 with 315 counters unchanged. Total turnover declined to 1.19 billion shares worth RM1.52 billion from 1.28 billion shares worth RM1.35 billion on Thursday. Weekly total turnover rose to 7.85 billion shares, worth RM9.46 billion, from last week's 6.172 billion shares worth RM6.707 billion. ...Read more>>