FBM KLCI - into the uncharted territory
Stocks on Bursa Malaysia ended on a mixed note last Friday in a market that was generally dominated by rotational play. The bellwether FBM KLCI, however, finished last week at another new historic high level of 1,582.94. The stronger close on Wall Street overnight gave Bursa a positive lead and more good news from Greece also supported sentiment. The market barometer, which slipped into negative territory to a low of 1,576.89 and stayed in red most of the time after opening 1.76 points higher at 1,580.83, recovered at the last minute to end 3.87 points, or 0.24%, at 1,582.94. Week-on-week, the key index gain 18.28 points, or 1.17% from previous Friday’s close of 1,564.66. Decliners led advancers by 388 to 352 while 317 were unchanged. Daily volume dropped to 801.954 million shares valued at RM1.4 billion from 947.614 million shares valued at RM1.814 billion on Thursday, and weekly turnover declined to 4.517 billion shares valued at RM8.266 billion from last week's 4.602 billion shares valued at RM7.637 billion.
