FBM KLCI - possible bottom reversal
Stocks on Bursa Malaysia closed higher yesterday on active buying of blue-chips, particularly finance and plantation, and in line with gains on regional markets. The market took the cue from the US market’s overnight weak close and started out in negative territory due to selling pressure. The FBM KLCI closed higher by 2.17 points or 0.14% to 1,561.77 after opening 2.13 points easier at 1,557.47. Market breadth was positive with advancers leading decliners by 374 to 334 while 325 counters closed unchanged. Volume rose to 1.04 billion shares valued at RM1.54 billion from 810.53 million shares worth RM1.57 billion registered on Monday.