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Monday, September 2, 2013

FBM KLCI - likely to consolidate on still unsettled external issues


Stocks on Bursa Malaysia ended last Friday's trading on a high note, with gains mostly seen in finance, oil and gas and blue-chip stocks. The positive sentiment was bolstered by overnight gains on Wall Street which recovered further, coupled with easing geopolitical tension in Syria as well as improving US economic data. The FBM KLCI climbed 23.8 points, or 1.4%, to close at 1,727.58 after opening 4.53 points firmer at 1,708.31, and moved between 1,708.31 and 1,727.58. Week-on-week, the key index gained 6.51 points or 0.4% from previous Friday's 1,721.07. Gainers trounced losers by 492 to 299, with 282 counters unchanged. Turnover stood at 1.60 billion shares worth RM2.48 billion against Thursday's 1.852 billion shares worth RM2.260 billion. Weekly turnover amounted to 9.495 billion shares worth RM12.551 billion, versus previous week's 10.336 billion shares valued at RM8.973. ...Read more>>

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