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Wednesday, June 5, 2013

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended on a positive note yesterday after recent losses on renewed buying interest from bargain hunters, and most of the regional bourses had also recovered, despite weak US manufacturing data in May, the lowest since June 2009, as this had eased the concerns of an early cut in the Federal Reserve (Fed) stimulus. The FBM KLCI ended yesterday at an intra-day high of 1,776.74, up 10.41 points or 0.59%, after moving between 1,776.74 and 1,767.2 throughout the day. Gainers led losers by 495 to 378, with 248 counters unchanged. Volume declined to 2.1 billion units valued at RM2.21 billion from Monday's 2.31 billion units valued at RM2.36 billion. ...Read more>>

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