FBM KLCI - likely to move higher

Stocks on Bursa Malaysia closed broadly higher last Friday following Wall Street's overnight rally on the back of strong US corporate earnings and encouraging economic reports. The FBMKLCI rose 8.18 points or 0.45% to close at 1,818.86, after opening 3.64 points higher at 1,814.32 and moved between 1,810.02 and 1,819.23 throughout the day. On a weekly basis, the FBMKLCI rose 30.55 points from previous Friday's 1,788.31. Gainers outpaced losers by 625 to 254, while 251 counters were unchanged. Total volume rose to 1.88 billion shares valued at RM1.77 billion from 1.59 billion shares worth RM2.01 billion on Thursday. Weekly turnover for the holiday shortened week declined to 6.76 billion shares worth RM7.37 billion from previous week’s 9.90 billion shares valued at RM10.53 billion. Read more >>