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Wednesday, October 24, 2012

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday in the absence of participation and ahead of the two-day US Federal Reserve monetary policy meeting starting yesterday. Bursa Malaysia was also in line with key regional markets which ended mixed after Wall Street overnight traded between flat and marginally up at close. The FBM KLCI was 2.95 points or 0.18% higher at 1,664.9 after opening 1.15 points lower at 1,660.8. The benchmark index hovered between 1,658.03 and 1,666.26 throughout the trading session. Losers led gainers by 372 to 298, with 350 counters unchanged. Volume decreased to 1.01 billion shares valued at RM1.36 billion from 1.28 billion shares worth RM1.46 billion on Monday. ...Read more>>

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