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Tuesday, January 15, 2013

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia closed slightly higher yesterday, with buying interest seen in finance and telco stocks. However, investors were mostly on the sidelines amid a lack of fresh catalyst to boost the market. The FBM KLCI ended 1.93 points or 0.11% higher at 1,684.63, after hovering between 1,682.96 and 1,686.69 throughout the day. Market breadth was mixed with gainers and losers were each at 323, with 342 counters unchanged. Total volume dwindled to 1.214 billion units worth RM1.299 billion from 1.451 billion units valued at RM1.41 billion recorded on Friday. ...Read more>>

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