FBM KLCI - likely to stay in consolidation with an upward bias

Stocks on Bursa Malaysia ended lower last Friday on late selling ahead of the weekend, dragged down by losses in selected heavyweights. The benchmark FBMKLCI fell 3.24 points or 0.17% to close at the intra-day low level of 1,873.38 points, after touching an intra-day high of 1,880.44. On a weekly basis, the key index gained 4.16 points from previous Friday’s 1,869.22. Losers edged gainers by 442 to 370, with 310 counters unchanged. Volume increased to 1.91 billion shares worth RM6.01 billion from 1.24 billion shares worth RM2.08 billion on Thursday. Weekly turnover fell to 7.56 billion shares worth RM13.62 billion, from previous week's 9.6 billion shares worth RM10.5 billion. Read more>>