Wednesday, December 10, 2014

FBM KLCI - bearish momentum reducing

Stocks on Bursa Malaysia ended lower yesterday with the benchmark FBMKLCI closing 2.74 points or 0.16% lower at 1,738.10, on lack of buying interest in blue-chips, coupled with the declining global oil prices, weaker corporate earnings, slower economic growth, and the strengthening US dollar against the ringgit and major Asian currencies. The benchmark index moved within a range of 1,730.77 to 1,741.31. Losers trounced gainers by 647 to 216, while 239 counters were unchanged. Total volume increased to 1.4 billion units worth RM1.7 billion from 1.3 billion units worth RM1.5 billion on Monday. Read more >>

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