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FBM KLCI consolidates gains, slips below 1,600.
Byline: S.N. Lock
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) failed in its bid to stay decisively above its overhead support of 1,600, failing to move in tandem with the better performances on regional stock markets.
The index closed at 1,599.15 yesterday, giving a week-on-week loss of 3.92 points, or 0.24 per cent.
The FBM KLCI hit its intra-week high of 1,611.50 on Monday before rebounding to its intra-week low of 1,591.85 on Thursday, giving an intra-week trading range of 19.65 points.
The FBM KLCI's 30 index-linked components paused to consolidate recent rebound gains when losers outperformed gainers by 16 to 9.
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