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Monday, April 28, 2014

FBM KLCI - likely to further consolidate


Stocks on Bursa Malaysia closed lower last Friday amid heightened tensions in Ukraine which pushed world shares lower. The FBMKLCI continued its downtrend to end 4.3 points or 0.23% lower at 1,860.98 points after hovering between 1,859.95 and 1,868.29 points throughout the trading day. On a weekly basis, the benchmark index gained 8.29 points or 0.57% from previous Friday’s 1,852.69. Market breadth was negative as losers led gainers by 463 to 382 while 301 counters were unchanged. Turnover was lower at 1.93 billion shares worth RM1.89 billion from 2.02 billion shares worth RM1.96 billion recorded on Thursday. Average daily traded volume and value decreased mildly to 2.28 billion shares and RM2.16 billion, compared with the 2.35 billion shares and RM2.12 billion average, respectively, the previous week. Read more>>

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