FBM KLCI - likely to extend consolidation with an upward bias


Stocks on Bursa Malaysia closed mixed yesterday on mild profit-taking ahead of the long Chinese New Year weekend. However, losses were limited amid investor interest in smaller cap stocks. The market was supported by improved risk appetite after the International Monetary Fund said it was planning a large expansion in its lending pool to safeguard the global economy against the worsening Euro-zone debt crisis. The FBM KLCI ended 0.57 point lower at 1,516.81 after opening 1.58 point lower at 1,515.80. Gainers led losers by 378 to 370 while 325 were unchanged. Turnover increased to 1.936 billion shares valued at RM1.618 billion as compared with Wednesday’s 1.490 billion shares worth RM1.599 billion.
Stocks on Bursa Malaysia closed steadier yesterday despite the softer performance of other Asian markets following the weaker Japan trade data and China's inflation data. The market moved within a narrow trading range due to a dearth of fresh market leads, as investors are awaiting the outcome of the Spanish debt sales as well as the interest rates announcement by the European Central Bank and the Bank of England. The FBM KLCI ended 3.27 points or 0.21% firmer at 1,525.56. Losers led gainers by 418 to 351 while 339 counters were unchanged. Turnover dipped to 1.515 billion shares worth RM1.579 billion from 1.910 billion shares valued at RM1.941 billion on Wednesday.
Stocks on Bursa Malaysia ended steadier yesterday with investors nibbling in lower liners and penny stocks. The FBM KLCI inched up 0.3 point to end at 1,522.29 after trading in a narrow range. Gainers led losers by 437 to 385 while 300 counters were unchanged. Turnover rose to 1.910 billion shares worth RM1.941 billion from 1.858 billion shares valued at RM1.872 billion.