FBM KLCI - likely to consolidate

Stocks on Bursa Malaysia closed last Friday lower as the Wall Street's weak overnight performance muted investors' sentiment, with the FBMKLCI closed 2.44 points or 0.13% easier at 1,869.08 points after hovering between 1,866.05 points and 1,871.69 points throughout the day. However, on a weekly basis, the FBMKLCI was 8.1 points better compared with 1,860.98 recorded the previous Friday. Losers led gainers by 422 to 355 while 330 counters were unchanged. Turnover was lower at 1.15 billion shares, worth RM1.51 billion from 1.5 billion shares, worth RM2.5 billion, recorded on Wednesday. The holiday-shortened week saw weekly turnover drop to 7.32 billion shares, worth RM6.96 billion, from previous week's 11.4 billion shares worth RM10.78 billion. Read more>>