FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed mixed yesterday with late buying in selected heavyweight counters pushed the benchmark FBMKLCI to end trading higher, extending last week's gains. Regionally, Asian stock markets were mixed, as investors remained cautious over the US non-farm payrolls report released last week, coupled with uncertainty in global oil prices due to weakening demand in Europe and Asia. The FBMKLCI ended at an intra-day high of 1,735.08, up 2.64 points or 0.15%, after going as low as 1,718.76 throughout the trading day. On the broader market, gainers outpaced losers by 394 to 317 with 286 counters unchanged. Total volume dropped to 1.36 billion shares worth RM1.46 billion from 1.72 billion shares worth RM1.81 billion on Friday. Read more >>