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Friday, May 17, 2013

FBM KLCI - correction has started

Stocks on Bursa Malaysia ended broadly lower yesterday due to selling pressure, while regional bourses traded mixed, as investor excitement on Japan's better economic growth data was partly dampened by the country's softer capital expenditure data which fell 0.7 percent, in the fifth straight quarter of decline. The FBM KLCI which notched new historic highs on Monday and Tuesday, ended at 1,766.72, sliding 16.31 points or 0.91%, weighed down by losses in major blue-chips. The key index moved between 1,765.45 and 1,781.39 throughout the trading session. Losers led gainers by 591 to 309, with 230 counters unchanged. Volume decreased to 2.50 billion units worth RM2.40 billion from 2.95 billion units worth RM2.70 billion on Wednesday. ...Read more>>

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