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FBM KLCI - down on profit-taking

23 November 2010

KLCI_20101122Stocks on Bursa Malaysia closed mostly lower yesterday as investors were cautious ahead of the third quarter gross domestic product (GDP) data as economists expected a slower growth. The FBM KLCI was 2.85 points or 0.19% lower at 1503.20 after opening 0.67 points higher at 1506.72. Decliners outnumbered advancers by 398 to 350 while 289 counters were unchanged. Turnover dwindled to 968 million shares worth RM1.165 billion from 1.024 billion shares worth RM1.436 last Friday.

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FBM KLCI - likely to move higher

22 November 2010

 

 

KLCI_20101119

Stock on Bursa Malaysia closed last Friday on a positive note with investor sentiment boosted by the overnight rally on Wall Street and strong buying in blue-chip stocks. The FBM KLCI ended last Friday 9.4 points or 0.63% higher at 1506.05, after opening 4.16 points better at 1500.81. On a Friday-to-Friday basis, the FBM KLCI closed 6.24 points higher compared with 1499.81 the previous Friday. For the holiday-shortened week, the market had moved within a tight range. Weekly turnover declined to 4.56 billion shares, worth RM6.166 billion, from 8.204 billion shares, valued at RM11.334 billion the previous week. 

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