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Tuesday, August 4, 2015

FBM KLCI - higher on last minute push

Stocks on Bursa Malaysia ended sharply higher yesterday, boosted by strong gains in telco heavyweights on market talk on the introduction of fifth-generation wireless technology, and a last-minute buying of index-linked telco stocks pushed the benchmark index to close at the highest point of the day. Of the telco heavyweights, Axiata soared 48 sen to RM6.85, DiGi rose 10 sen to RM5.50, and Maxis climbed 53 sen to RM7.20. The FBM KLCI rose 21.05 points or 1.22% to close at 1,744.19, after fluctuating between 1,714.82 and 1,744.19 throughout the day. Losers led gainers by 465 to 324 with 333 counters unchanged. Total volume rose to 1.32 billion units valued at RM1.25 billion from 1.68 billion units valued at RM2.01 billion on last Friday. Read more >>

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