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Wednesday, August 14, 2013

FBM KLCI - trend reversed up

Stocks on Bursa Malaysia closed broadly higher yesterday with the FBM KLCI closed at a two-week high, as market players sought large caps with better values in a reporting season. On regional markets, Asian stocks posted solid gains led by Japan's Nikkei stock index on hopes for more monetary stimulus by the Japanese Government that would pull markets up elsewhere. The FBM KLCI rose 10.52 points or 0.59% to 1,795.09 after moving between 1,784.46 and 1,796.29 throughout the day. Gainers more than doubled losers by 555 to 241, with 289 counters unchanged. Total turnover firmed to 1.99 billion shares worth RM1.86 billion from 1.59 billion shares worth RM1.7 billion on Monday. ...Read more>>

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