FBM KLCI - rebounded on window dressing

Stocks on Bursa Malaysia ended higher yesterday on technical rebound after Monday’s steep decline, bolstered by gains in consumer and key finance counters on mid-year window dressing, in line with most regional bourses. At close, the benchmark FBM KLCI was up 14.72 points or 0.87% to 1,706.64 but year-to-date, it is down 3.1% and the second worst performer after Jakarta’s Composite Index which fell 6.05% since January. Market breadth was positive with gainers thumping losers by 495 to 309, while 309 counters were unchanged. Total volume increased to 1.75 billion units worth RM2.25 billion from Monday’s 1.67 billion units worth RM1.71 billion. Read more >>