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Wednesday, March 18, 2015

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended mixed yesterday with the benchmark FBM KLCI higher on buying activities following overnight gains on Wall Street but the broader market showed signs of weakness. Asian bourses received some boost after the US stock market registered a more than 1% gain as investors cheered a pause in the greenback’s rally and eyed renewed weakness in oil prices. The FBM KLCI rose 7.33 points or 0.41% to settle at 1,787.87, after fluctuating between 1,779.40 and 1,789.40 throughout the day. Losers led gainers by 490 to 348 with 314 counters unchanged. Total volume rose to 2.49 billion shares worth RM1.84 billion from 2.46 billion shares worth RM1.9 billion on Monday. Read more >>

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