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Market Capped By Profit Taking; FBM KLCI + 0.3%
Active trading moved the benchmark index from 1,295.72 to touch 1,300.89, a fresh 24-month high in early session.
Of the 30 components of KLCI, 19 closed in the positive territory, six ended lower while the remaining 5 were unchanged. Volume for the component stock was 100 million shares worth RM606 million.
FBM KLCI rose 3.87, or 0.3 per cent, to close at 1,298.58, the highest level since May 16, 2008.
The market gained 0.4 per cent this week, the 3rd weekly increase. In the market, 1.7 billion shares changed hands, higher than the three-month daily average of 954.4 million shares.
The broader market, however, was weak due to profit taking in the market especially on glove makers and lower liners after the recent mini-rally. Trading volume declined to 1677.49 mil shares worth RM1919.57 mil as compared to Thursday's 1755.56 mil shares worth RM2062.99 mil.
Actively traded stocks include PENTAMASTER, DATAPRP, HUBLINE, SAAG, ARIANTEC GLOBAL, HUBLINE-WA, KINSTEL, KNM, IRCB and TALAM.
The Finance Index added 0.29% to 11330.05 points, the Properties Index eased 0.18% to 824.02 points and the Plantation Index rose 0.09% to 6515.04 points.
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