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Friday, October 5, 2012

FBM KLCI - at fresh all-time high

Stocks on Bursa Malaysia ended higher yesterday in line with the steadier regional markets. Market sentiment regionally was boosted by the expectation of more central banks likely to pledge new stimulus measures – especially China and European countries – in fighting off the effects of the economic slowdown, while the local market movement was influenced by gains in defensive stocks like banking, consumer and telecommunication-related sectors.  The FBM KLCI advanced 11.72 points or 0.71% to an all-time-high of 1,661.47 after moving between the 1,649.66 and 1,662.14 levels throughout the day. Gainers beat losers by 400 to 298, while 364 counters were unchanged. Turnover rose to 965.118 million shares worth RM1.596 billion from the 864.828 million shares worth RM1.744 billion on Wednesday. ...Read more>>

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