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Monday, March 9, 2015

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia closed slightly higher last Friday, supported by bargain hunting in selected finance stocks. Regionally, most Asian stocks traded higher as investor confidence over the US employment data being positive had grown and amid the European Central Bank’s growth forecast upgrade. At close, the benchmark FBM KLCI ended 0.87 point or 0.05% better at 1,806.96, after fluctuating between 1,799.65 and 1,809.65 throughout the day. On a weekly basis, the FBM KLCI fell 14.25 points from 1,821.21 on previous Friday. Gainers outpaced losers by 456 to 361 with 310 counters unchanged. Total volume declined to 2 billion shares worth RM1.9 billion from 2.1 billion shares worth RM2.4 billion transacted on Thursday. Weekly turnover increased to 11.34 billion units worth RM11 billion from 10.45 billion units worth RM10.62 billion on previous week. Read more >>

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