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FTSE Bursa Malaysia KLCI Drop 18.08 Points to 1,525.92

Today on 12nd April 2011, the FBM Kuala Lumpur Composite Index (FBM KLCI) losing 18.08 points to 1,525.92 even with few goodies from the Invest Malaysia 2011 conference.

Technically speaking, the index breaking the 1529 support(the High of 4th March 2011) and the next support will be 1474(the Low of 28th February 2011)

FBM KLCI

 

FBM KLCI1

Overall for the whole market, only 166(11.64%) counters are up.

The total market turnover stood at 1.08 billion shares worth RM1.52 billion.

The buy% is 31% show there are 69% is the Net Seller for today(which is bad as seller is throwing  whatever stocks they have at the buyer price)

>>>Where will the market heading?

>>>>Is this the start of Bearish cycle for FBM KLCI?

This entry was posted on Tuesday, April 12th, 2011 at 9:40 pm and is filed under stock market. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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