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Monday, April 14, 2014

FBM KLCI - likely to further consolidate


Stocks on Bursa Malaysia closed lower last Friday, pressured by pre-weekend selling and in line with regional markets, amid a major overnight sell-off on Wall Street. The FBMKLCI was 6.86 points or 0.37% lower at 1,852.66 after fluctuating between 1,848.19 and 1,854.89. On a weekly basis, the key index fell 3.95 points from previous Friday’s 1,856.61. Losers led gainers by 522 to 312, while 301 counters were unchanged. Volume rose to 2.22 billion shares worth RM1.97 billion from 2.08 billion shares worth RM2.32 billion on Thursday. Weekly turnover rose to 10.53 billion shares worth RM11.03 billion from previous week’s 10.44 billion shares valued at RM12.7 billion. Read more>>

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