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Wednesday, August 22, 2012

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia closed mixed last Friday ahead of the long weekend for the Hari Raya Aidilfitri celebrations as investors locked in their profits ahead of the holidays, and the market was closed on Monday and Tuesday. The benchmark FBM KLCI lost 0.30 of a point to 1,649.79 after hitting another new all-time intra-day high of 1,654.53, and week-on-week, the benchmark index rose 4.43 points from 1,645.36 the previous Friday. Advancers outnumbered decliners by 373 to 369 while 341 counters were unchanged. Turnover decreased to 1.481 billion shares worth RM1.645 billion from 1.562 billion shares worth RM1.402 billion on Thursday, while weekly volume increased to 6.155 billion shares, worth RM6.715 billion, from 5.837 billion shares, worth RM8.217 billion, registered the previous week. Read more...

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