FBM KLCI - likely to trend higher

Stocks on Bursa Malaysia ended on a firmer note last Friday on continuous buying support for selected heavyweights, amid bargain hunting activities and positive regional market sentiments. The benchmark FBM KLCI gained 21.33 points or 1.20% to end at 1,803.08, after hovering between 1,788.78 and 1,809.33 throughout the day. On a weekly basis, the FBM KLCI rose 59.51 points or 3.41% to 1,803.08 from 1,743.57 on previous Friday. Gainers trounced losers by 534 to 365, while 310 counters were unchanged. Total volume rose to 2.61 billion units worth RM3.1 billion from 2.58 billion units worth RM2.9 billion on Thursday. Weekly turnover increased to 11.32 billion units worth RM12.38 billion from 8.78 billion units worth RM10.24 billion the previous week. Read more >>