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Consolidation in rangebound trade.
Byline: S.N. Lock
SHARE prices on Bursa Malaysia continued to consolidate in rangebound trading throughout the five trading days of the week. The FTSE Bursa Malaysia Composite Index (FBM KLCI) continued to stay above its critical support of 1,100 points when it closed at 1,174.27 yesterday.
The FBM KLCI opened higher at 1,168.96 before rebounding to close at its intra-day high of 1,174.49 on Monday, giving a day-on-day gain of 10.70 points, or 0.92 per cent.
Overall market sentiment moved counter-trend to the regional stock markets on Tuesday. The FBM KLCI fell from its intra-day high of 1,174.58 before slipping to its intra-day low of 1,168.99 that day. It …
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