FBM KLCI - likely to remain in consolidation

Stocks on Bursa Malaysia ended mixed last Friday, as support from selective buying on the overall market were negated by sustained selling pressures in blue-chips. The FBMKLCI finished 1.6 points or 0.09% easier at 1,826.61 after fluctuating between 1,822.25 and 1,827.95 throughout the day. On a weekly basis, the FBM KLCI declined 3.44 points or 0.19% from 1,834.74 on previous Friday. Gainers outnumbered losers by 406 to 378, while 324 counters were unchanged. Volume rose to 1.91 billion shares, valued at RM2.07 billion, from Thursday’s 1.85 billion shares worth RM1.95 billion, and weekly total turnover surged to 9.14 billion shares, worth RM9.66 billion from previous week’s 5.34 billion shares, valued at RM5.91 billion. ...Read more>>