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The FBM KLCI staged a strong start for September, with the FBM KLCI near the all-time intra day high of 1,655 at midday on Monday, underpinned by selected fund buying of Axiata, Telekom and CIMB.
Blue chips rose on Monday, with consumer stocks trading higher in thin trade, while Felda Global Ventures (FGV) extended its gains for third day since its listing last Thursday.
THE local bourse’s key benchmark FBM KLCI shed 7.08 points or 0.45% to close at 1,573.59 on the last trading day of the week, snapping six days of gains and reflecting investors’ caution on renewed worries over the eurozone sovereign debt crisis.
FELDA’s Dewan Merak Kayangan in Jalan Gurney is one of the most-sought-after venues in Kuala Lumpur for various congregations, especially Malay weddings among the rich and local artiste alike, with sumptuous spread served by De Saji, Felda’s renowned catering group.