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Wednesday, November 13, 2013

FBM KLCI - turned bearish for the short term

Stocks  on Bursa Malaysia ended lower yesterday, bogged down by losses in selected heavyweights and blue-chips as renewed concerns over the uncertainties surrounding the US Federal Reserve's stimulus tapering timeline weighed heavily on sentiment. The FBM KLCI ended 9.41 points or 0.52% lower at 1,794.8, after hovering between 1,788.36 and 1,805.33 throughout the day. Decliners overwhelmed advancers by 528 to 300, with 784 counters unchanged. Total volume stood at 2.403 billion shares worth RM2.087 billion against Monday's 2.191 billion shares worth RM1.836 billion. ...Read more>>

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