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Thursday, January 3, 2013

FBM KLCI - lower on profit-taking correction

Stocks on Bursa Malaysia closed lower yesterday on profit-taking activities after recording an all-time high on Monday. However, fundamentals remained intact with news that the fiscal cliff crisis in the US has been averted for now and on expectation of a strong economic growth for Malaysia, going forward. The FBM KLCI closed 14.23 points or 0.84% lower at 1,674.72, after hovering between 1,674.32 and 1,685.15 throughout the day. Gainers led losers by 335 to 373 while 273 counters were unchanged. Total volume rose to 874.98 million shares, worth RM1.193 billion, from 834.802 million shares, valued at RM1.314 billion, on Monday. ...Read more>>

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