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Friday, March 11, 2016

FBM KLCI - rebounded to close higher

Stocks on Bursa Malaysia closed higher yesterday on heavy buying in selected heavyweights following the rise in crude oil prices coupled with Read more>>

2 comments:

Trading Advisor said...

Market Review for KLCI

The FBM KLCI index gained 4.56 points or 0.27% on Thursday. The Finance Index increased 0.59% to 14368.6 points, the Properties Index dropped 0.07% to 1133.37 points and the Plantation Index rose 0.36% to 7882.63 points. The market traded within a range of 10.23 points with a high of 1694.33 and a low of 1684.10 during the session. The KLCI halted its losing streak after gained 4.56 points to 1690.91 points amid overnight gains in US market. Our benchmark index was buoyed by bargain-hunting.

Market forecast for KLCI

The KLCI index is expected to trade with bullish sentiments if it cross the level of 1695 in coming trading session however the index also can take resistance at this level and then it can give sideways movement in near term

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