FBM KLCI - likely to stay range-bound with an upward bias
Stocks on Bursa Malaysia ended mixed on last Thursday for a half-day trading session with the benchmark index marginally lower on lack of catalyst and ahead of the long weekend. At close, the FBM KLCI finished at 1,726.73, down 0.53 of-a-point, after fluctuating between 1,720.7 and 1,727.5. On a weekly basis, the benchmark index gained 11.15 points from previous Friday’s 1,715.58. Losers edged gainers by 330 to 314 with 269 counters unchanged. Total volume fell to 841.03 million units valued at RM1.03 million from 1.31 billion units valued at RM1.70 billion, on Wednesday. Weekly turnover fell to 5.13 billion units worth RM5.87 billion from previous Friday’s 8.73 billion units worth RM8.89 billion.