FBM KLCI - likely to further correct downward

Stocks on Bursa Malaysia ended lower last Friday with the benchmark FBMKLCI closing 10.47 points or 0.56% lower at 1,855.64, as investors took profit and were squaring positions for the weekend as renewed geopolitical fears may again pressure stocks this week. Week-on-week, the FBMKLCI dipped 12.82 points from 1,868.46 on previous Friday. Losers outpaced gainers by 435 to 389, with 341 counters unchanged. Total volume expanded to 2.49 billion shares worth RM2.23 billion from 2.04 billion shares worth RM1.92 billion on Thursday. Weekly turnover rose to 11.85 billion shares valued at RM10.11 billion, from 11.03.18 billion shares valued at RM8.65 billion on previous week. Read more>>