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Friday, August 16, 2013

FBM KLCI - lower on continued profit-taking

Stocks on Bursa Malaysia closed mixed yesterday with the FBM KLCI closed marginally lower on mild selling activities amid weaker external sentiment. The market was volatile throughout the day, moving sideways below the 1,800 level, amid bearish regional bourses on concerns over the global economic outlook. Asian stocks fell on uncertainty over when the United States Federal Reserve would start to scale back its monetary stimulus programme which had spurred growth in Asian economies, especially emerging countries. The FBM KLCI ended 1.52 points or 0.08% lower at 1,792.21 after moving between 1,791.23 and 1,797.17 throughout the day. Gainers led losers by 418 to 381 with 320 counters unchanged. Total turnover increased to 2.41 billion shares, worth RM2.07 billion, from Wednesday's 2.2 billion shares, valued at RM1.7 billion. ...Read more>>

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