FBM KLCI - likely to stay bullish

Stocks on Bursa Malaysia rebounded to close higher last Friday, lifted by buying interest in selected blue-chips. The FBMKLCI finished 6.48 points or 0.35% higher at 1,840.35, after fluctuating between 1,831.1 and 1,843.48 throughout the day. On a weekly basis, the benchmark index gained 13.40 points or 0.73% from previous Friday’s 1,826.95. Gainers led losers by 368 to 362, with 348 unchanged. Volume rose to 1.182 billion shares, worth RM1.68 billion, from Thursday's 1.073 billion shares worth RM1.638 billion. However, weekly total turnover slipped to 5.96 billion shares worth RM8.87 billion from 5.97 billion shares worth RM8.47 billion last week.