AFTER a week of consolidation, markets are acting as if they want to rally again. Its been a mixture of lower liners and big caps making the headlines as major announcements on stocks propel share prices northward every few days.
With the general election over, the close of May saw the FBM KLCI posting a total return of 3.6% on a monthly basis and 7% on a year to date basis, as the index continues to scale new highs. For the week, the FBM KLCI has been up six points to 1,775.59 points. On Friday, volumes traded were at 1.58 billion shares.
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