FBM KLCI - likely to extend rebound

Stocks on Bursa Malaysia finished higher last Friday on continuous buying support in selected blue- chips throughout the day. The benchmark FBMKLCI rose 16.04 points or 0.94% to close at 1,715.99, after opening 6.52 points higher at 1,706.47. However, on a weekly basis, the benchmark index fell 17 points or 0.98% from previous week’s 1,732.99. Gainers trounced losers by 606 to 257, while 277 counters were unchanged. Total volume fell to 1.87 billion units worth RM2.2 billion from 1.9 billion units worth RM1.9 billion on Thursday. Weekly turnover increased to 9.42 billion shares worth RM10.63 billion from 6.58 billion shares worth RM8.12 billion last week. Read more >>