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Thursday, September 11, 2014

FBM KLCI - in consolidation mode

Stocks on Bursa Malaysia endured another listless trading yesterday, as investors were awaiting clues on interest rate increases from the US Federal Reserve at its Federal Open Market Committee meeting in the third week of this month and Bank Negara Malaysia's Monetary Policy Committee meeting during the same time on another possible rate rise. The benchmark FBMKLCI closed 3.27 points or 0.17% lower at 1,870.85 after fluctuating between 1,868.36 and 1,873.79. Losers outpaced gainers by 424 to 399, with 325 counters unchanged. Total volume fell to 2.18 billion shares worth RM2.01 billion from 2.45 billion shares worth RM2.02 billion on Tuesday. Read more>>

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