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Thursday, June 27, 2013

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia rebounded yesterday to close higher on a technical correction after a five-day losing streak, alongside positive external sentiment. Asian stocks rose for the first time in three days after better-than-estimated U.S. data bolstered the outlook for the world's largest economy and China's central bank sought to ease cash crunch concerns. The FBM KLCI rose 12.12 points or 0.7% to close at 1,740.76 after moving between 1,724.82 and 1,744.64 throughout the day. Gainers outpaced losers by 577 to 195, with 255 counters unchanged. Total volume slipped to 1.439 billion shares worth RM2.422 billion from 1.599 billion shares worth RM2.851 on Tuesday. ...Read more>>

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