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Fajarbaru price trend poised to move higher.
Byline: S.N. Lock
SHARE prices on Bursa Malaysia rebounded moderately last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) continued to stay above its critical support of 1,500 when it closed at 1,511.58 last Friday.
Key heavyweight index-linked counters provided the impetus for the market rebounds last week. The FBM KLCI continued to stay above its critical support of 1,500 when it hit its intra-week high of 1,518.80 last Wednesday.
The index rebounded from its intra-week low of 1,493.22 last Monday to its intra-week high of 1,518.80 on Wednesday, giving an intra-week trading range of 25.58 points.
It closed at 1,511.58 last Friday, giving a week-on-week gain of 11.70 points, …
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