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Wednesday, August 19, 2015

FBM KLCI - higher on technical rebound

Stocks on Bursa Malaysia staged an oversold rebound yesterday, led by finance stocks despite the weak performance of regional bourses. Asian equities were mostly lower, weighed down by the slump in Chinese equities, weakening emerging market currencies, lower oil prices and the deadly Bangkok bombing. The FBM KLCI was 7.06 points or 0.45% better at 1,579.60, after moving between 1,562.88 and 1,584.05 throughout the day. Gainers led losers by 409 to 407 with 360 counters unchanged. Total volume rose to 2.25 billion units valued at RM2.11 billion from 2.06 billion units valued at RM1.95 billion on Monday. Read more>>

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