FBM KLCI - likely to move higher

Stocks on Bursa Malaysia ended higher last Friday, recouping early losses following late buying in consumer and selected blue-chip stocks. The benchmark FBMKLCI index stood at 1,850.73, up 3.86 points or 0.21%, after opening 9.3 points lower at 1,837.57. Week-on-week, the key index gained 30.25 points or 1.66% from previous Friday’s closing of 1,820.48. Gainers outpaced losers by 382 to 380, while 325 counters were unchanged. Turnover declined to 1.8 billion shares worth RM2.03 billion, from 2.05 billion shares valued at RM2.05 billion on Thursday. Weekly turnover rose to 9.92 billion shares valued at RM10.07 billion from previous week’s 7.29 billion shares worth RM10.08 billion. ...Read more>>