FBM KLCI - likely to move range-bound with an upward bias
Stocks on Bursa Malaysia rebounded to close steadier last Friday on renewed optimism sparked by encouraging US economic data and Greece's bailout hopes. The benchmark FBM KLCI rose 6.66 points to close at 1,557.15, after opening 3.19 points better at 1,553.68, and on a Friday-to-Friday basis, the FBM KLCI eased 4.51 points to 1,557.15 from previous Friday’s 1,561.66. Weekly volume increased to 11.968 billion shares valued at RM10.437 billion, from 11.06 billion shares worth RM9.08 billion on previous week.