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Wednesday, July 31, 2013

FBM KLCI - in consolidation

Stocks on Bursa Malaysia finished on a lower note yesterday, with losses mostly seen in finance and banking stocks led by CIMB and Maybank, as local blue-chips were stuck in recent tight confines as institutional investors displayed caution and reluctance to make bold bets ahead of US Federal Reserve (Fed) decisions and important statement by Fed chairman Ben Bernanke tonight. The FBM KLCI ended 3.7 points or 0.21% lower at 1,795.08 after moving between 1,792.77 and 1,800.20 throughout the day. Market breadth was negative with losers led gainers by 436 to 299, while 323 were unchanged. Total volume traded was higher at 2.145 billion shares valued at RM2.072 billion from 1.205 billion shares worth RM1.734 billion on Monday. ...Read more>>

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