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Friday, January 9, 2015

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed higher for the first time this year, in tandem with the upbeat overnight performance on Wall Street, with the benchmark FBMKLCI rose 18.88 points, or 1.1%, to 1,728.06 yesterday after weeks of being spooked by global crude oil price bearishness, as Malaysia’s November 2014 export data released on Wednesday saw the country’s trade surplus at its highest in three years. On the broader market, gainers outpaced losers by 555 to 240 with 269 counters unchanged. Total volume contracted to 1.6 billion shares worth RM1.8 billion from 1.61 billion units worth RM2.1 billion on Wednesday. Read more >>

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