FBM KLCI - likely to further correct downward
Stocks on Bursa Malaysia ended last Friday on a bearish note on continued selling pressure as losses in heavyweights continue to weigh. The benchmark FBM KLCI fell 8.04 points or 0.46% to 1,747.52 after hovering between 1,746.06 and 1,755.82 throughout the day. On a weekly basis, the FBM KLCI shed 39.98 points or 2.24% from 1,787.50 previously. Losers outpaced gainers by 424 to 370, while 310 counters were unchanged. Total volume rose to 2.23 billion units worth RM3.69 billion from 1.61 billion units worth RM1.9 billion yesterday. Weekly turnover declined to 9.07 billion units worth RM11.63 billion from 10.26 billion units worth RM9.94 billion previously.