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Thursday, December 6, 2012

FBM KLCI - breaking out of consolidation

Stocks on Bursa Malaysia ended firmer yesterday as positive economic forecasts for next year boosted the local market sentiment. The Malaysian Institute of Economic Research expected Malaysia’s economy to grow 5.6% next year based on the favourable global economic environment. Meanwhile, Bursa Malaysia’s movement was in line with other regional markets’ performances after the investor appetite was lifted following a pledge from China’s new leader to boost the country’s economic growth next year. The FBM KLCI rose 6.18 points or 0.38% to close at 1,613.79 after opening at 1,609.54 and moved between 1,609.35 and 1,614.51. Gainers outpaced losers by 361 to 293, while 345 counters were unchanged. Volume rose to 829.126 million shares worth RM1.19 billion from 788.99 million shares worth RM1.24 billion on Tuesday. ...Read more>>

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