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Monday, June 3, 2013

FBM KLCI - likely to further correct


Stocks on Bursa Malaysia ended mixed last Friday on continuous selling pressure in line with regional peers. The FBM KLCI fell 5.7 points or 0.32% to 1,769.22 after opening 1.78 points higher at 1,776.7. The benchmark index hovered between 1,769.22 and 1,780.98 throughout the day. On a weekly basis, the FBM KLCI ended 3.84 points lower from 1,773.06. Market breadth was positive with gainers led losers by 436 to 422, while 265 counters were unchanged. Daily turnover stood at 2.22 billion shares valued at RM3.45 billion from 1.17 billion shares worth RM2.07 billion on Thursday, while weekly turnover dipped to 10.862 billion shares valued at RM13.287 billion from 10.942 billion shares worth RM11.765 billion. ...Read more>>

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