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Monday, May 13, 2013

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia ended last Friday on a positive note, lifted by a rotational foreign fund influx amid moderate profit-taking. The benchmark FBM KLCI rose 6.31 points or 0.36% to close at 1,772.38 after hovering between 1,752.26 and 1,772.89 throughout the day. On a weekly basis, the benchmark index gained 77.61 points from previous Friday's 1,694.77. Gainers thrashed losers by 745 to 174 while 201 counters were unchanged. Volume increased to 2.54 billion shares worth RM2.86 billion from 2.44 billion shares worth RM2.52 billion on Thursday. Weekly turnover surged to 11.54 billion shares worth RM17.29 billion from previous week's 3.23 billion shares worth RM7.97 billion. ...Read more>>

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