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Monday, August 5, 2013

FBM KLCI - likely to stay range-bound


Stocks on Bursa Malaysia ended higher last Friday on mild bargain hunting interest ahead of the weekend break. The FBM KLCI rose 4.69 points or 0.26% to end at 1,782.51 after moving between 1,777.84 and 1,787.83 throughout the day. However, on a weekly basis, the FBM KLCI ended 25.10 points lower against previous Friday's 1,807.61 points. Market breadth was positive with gainers led losers by 400 to 315, and 321 were unchanged. Market volume fell to 1.229 billion shares valued at RM1.844 billion from 1.458 billion shares valued at RM2.129 billion on Thursday. Weekly turnover increased to 7.958 billion shares valued at RM10.87 billion from previous week's 6.832 billion shares worth RM9.501 billion. ...Read more>>

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