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Wednesday, April 30, 2014

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia ended yesterday mixed due to persistent selling pressure on small-cap stocks. However, gains in heavyweights helped pushed the benchmark FBMKLCI 3.6 points or 0.19% higher to 1,859.34 points, after opening 3.47 points lower and hovered between 1,852.27 points and 1,859.34 points. Market breadth was extremely negative as losers led gainers by 728 to 192 while 256 counters were unchanged. Turnover was higher at 2.5 billion shares worth RM2.2 billion from Monday’s 2.16 billion shares worth RM1.74 billion. Read more>>

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