MAIN BOARD
The KL Composite Index (KLCI) remained in tight band trading last week and finished with moderate gains.
The KLCI trended in gradual uptrend from 1,283.84 to 1,302.83 and settled the week at 1,300.67, up 15.40 points or 1.98% from a week earlier.
Source The Star
THE Kuala Lumpur Composite Index futures failed to expand on its upward rally last week as traders sold on intermittent strength on concerns that the seven-week recovery rally may have run its course.
The May futures prices dipped from an intra-week high of 1,303.0 points to the week’s low of 1,273.5 points. They then recovered slightly to end Friday at 1,285.0, off 18.0 points or 1.38% from previously.
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KUALA LUMPUR: Some fund buying of plantation stocks helped lift the KL Composite Index in the morning session on Monday but the broader market reflected the cautious sentiment with losers beating decliners more than two to one.
MK Land share price skidded 22.6% to 36 sen after announcing it was seeking to defer the obligation to place monies into the sinking fund account (SFA).
At 12.30pm, the KLCI was up 2.79 points to 1,274.27, the FBM Emas rose 15.29 points to 8,570.58 but the FBM Second Board lost 29.86 points to 5,881.15.
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