FBM KLCI - likely to stay range-bound with an upward bias

Stocks on Bursa Malaysia closed broadly lower last Friday on a bearish note as negative regional sentiment continued to weigh on the market. The FBMKLCI was down 2.61 points or 0.14% to close at its intra-day high of 1,840.5, after hitting an intra-day low of 1,829.24 points earlier in the day. Week-on-week, the key index fell by 8.99 points from 1,849.49 on previous Friday. Market breadth was negative with losers edging gainers by 475 to 322 while 327 counters remained unchanged. Total volume increased to 2.49 billion shares worth RM1.79 billion from 2.39 billion shares worth RM1.84 billion on Thursday. Weekly turnover increased to 12.53 billion shares valued at RM10.11 billion from previous week’s 8.84 billion shares valued at RM8.16 billion. Read more >>