FBM KLCI closes Tues higher
Posted on January 24, 2012
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KUALA LUMPUR: The FBM KLCI is up 0.68% to 1,519.36 at the close on Tuesday on buying of selected blue chips.
“After losing 14.0-point or 0.9% yesterday, the benchmark FBM KLCI may rise towards the support-turned-resistance level of 1,515,” HwangDBS said in its earlier market note.
Other Asian stock markets also remain mostly higher at the close largely on bargain-hunting following an earlier slump in markets across the region.
Markets on Monday fell after several key Euro markets lost their coveted Triple A status, stoking concerns that the Euro debt crisis could spark fresh problems for other economies in the world.
Nymex crude oil added 4 sen to US$99.73 per barrel.
Spot gold added US$7.55 to US$1,651 per ounce.
The ringgit was quoted at 3.1357 to the US dollar.
Article source: http://biz.thestar.com.my/news/story.asp?file=/2012/1/17/business/20120117093553&sec=business
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