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FBM KLCI - likely to move range-bound with an upward bias

20 February 2012

KLCI_20120217

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.

Read more: FBM KLCI - likely to move range-bound with an upward bias

FBM KLCI - short term bearish

17 February 2012

KLCI_20120216

Stocks on Bursa Malaysia ended broadly lower yesterday as investors reduced their holdings on worries about the Euro-zone debt crisis. The Greek second bailout fund delay, Moody's warning to slash ratings of 17 global and 114 European financial institutions as well as weak leads from New York market rattled dealer confidence. The FBM KLCI fell 10.81 points or 0.69% to close at 1,550.49 after opening 3.03 points lower at 1,558.27. Market breadth was negative with losers overwhelmed gainers by 668 to 239 while 272 counters were unchanged. Turnover slipped lower to 2.185 billion shares worth RM1.972 billion from 2.309 billion shares valued at RM2.145 registered on Wednesday.

Read more: FBM KLCI - short term bearish

FBM KLCI - toppish signal

16 February 2012

KLCI_20120215

Stocks on Bursa Malaysia ended on a mixed note yesterday after a weak performance throughout the day with the market barometer remaining in the red, somewhat ignoring improved regional sentiment. The benchmark FBM KLCI was down 4.75 points to close at 1,561.3, after opening 0.61 of a point higher at 1,566.66. Market breadth was positive with gainers led losers by 433 to 385 while 346 counters were unchanged. Turnover was lower with 2.309 billion shares worth RM2.146 billion changed hands from Tuesday’s 2.546 billion shares, worth RM2.258 billion. 

Read more: FBM KLCI - toppish signal

FBM KLCI - higher amid profit-taking

15 February 2012

KLCI_20120214

Stocks on Bursa Malaysia ended broadly lower yesterday but the market barometer, the FBM KLCI, closed steady indicating the market’s undertone was still intact. The market was undergoing a temporary pullback after the recent gains. Moody’s downgrade of six countries in the Euro-zone and its warning to downgrade top-rated countries also affected investor sentiment globally. The FBM KLCI ended the day at 1,566.05, up 3.23 points, or 0.21%, aided by blue-chips which remained strong. Market breadth was bearish with 58l losers and 321 gainers, 288 were unchanged. Trading volume was lower at 2.546 billion shares, worth RM2.258 billion, compared with Monday’s 2.661 billion shares worth RM2.119 billion. 

Read more: FBM KLCI - higher amid profit-taking

More Articles ...

  1. FBM KLCI - bullish uptrend heading for 1,577
  2. FBM KLCI - higher on strong buying momentum
  3. FBM KLCI - higher on huge volume
  4. FBM KLCI - likely to continue its bullish uptrend
  5. FBM KLCI - breaking out of consolidation
  6. FBM KLCI - appearance of bottom reversal signal
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