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Friday, September 12, 2014

FBM KLCI - lower on heavy profit-taking

Stocks on Bursa Malaysia ended on an easier note yesterday depressed by the Industrial Production Index (IPI) for July 2014. The IPI grew by 0.5% in July 2014 compared with the same month last year, contributed by the growth in the manufacturing and electricity indices, but was below market expectation as it grew slower than June's output growth of seven percent. The FBMKLCI fell 4.74 points or 0.25% to close at 1,866.11, after rising to a session's high of 1,874.67 earlier in the day. Losers outpaced gainers by 430 to 412, with 326 counters unchanged. Total volume fell to 2.04 billion shares worth RM1.92 billion from 2.18 billion shares worth RM2.01 billion on Wednesday. Read more>>

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