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Monday, August 25, 2014

FBM KLCI - likely to consolidate


Stocks on Bursa Malaysia closed on easier note last Friday on profit-taking for the second consecutive day, bogged down by losses in selected heavyweights as the ongoing correction on lower-liners and penny stocks also dampened the broader market sentiment. The FBMKLCI ended the day 3.82 points or 0.20% lower at 1,870.99 points after opening higher at 1,876.22 and moved between 1,869.27 and 1,878.87 points throughout the day. On a weekly basis, the key index gained 6.68 points or 0.36% from 1,864.31 on previous Friday. Losers led gainers by 456 to 381 while 317 counters were unchanged. Total volume rose to 3.314 billion units worth RM2.26 billion from 2.99 billion units worth RM2.44 billion on Thursday. Weekly turnover ballooned to 22.665 billion shares valued at RM13.397 billion, against previous week’s 17.144 billion units worth RM11.928 billion. Read more>>

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