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Wednesday, May 6, 2015

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia closed mixed yesterday with the benchmark FBM KLCI closed higher, lifted by gains in selected heavyweights led by Petronas Chemicals and Genting. Key Asian markets were cautious after the Shanghai Composite Index fell more than 4%, fuelled by media reports of tougher margin requirements by some brokerages. At close, the FBM KLCI rose 9.15 points or 0.5% to 1,827.42 after fluctuating between 1,818.16 and 1,830.9 throughout the day. Losers led gainers by 434 to 362 with 321 counters unchanged. Total volume rose to 1.82 billion shares worth RM1.93 billion from last Thursday’s 1.52 billion shares worth RM2.17 billion. Read more >>

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