FBM KLCI - likely to further consolidate

Stocks on Bursa Malaysia closed mixed last Friday with the benchmark FBMKLCI finished marginally lower on lacklustre trading. The FBMKLCI eased 0.75 of a point to 1,868.46 after moving between 1,866.28 and 1,869.84 throughout the day. Week-on week, the key index gained 2.35 points from 1,866.11 on previous Friday. Market breadth, however, was positive with gainers outpacing losers by 506 to 304 while 334 counters remained unchanged. Total volume rose to 2.71 billion shares worth RM2.27 billion from 2.51 billion shares worth RM2.11 billion on Thursday. Weekly turnover fell to 11.03 billion shares valued at RM8.65 billion for the holiday-shortened week, from 15.18 billion shares valued at RM11.57 billion recorded the previous week. Read more>>