Monday, 8 April 2013

FKLI Related News (Mon, Apr 8)

U.S. stocks fell on Friday, with the S&P 500 index sustaining its worst weekly hit this year, after the government said the far fewer Americans found jobs in March than analysts had estimated. Hong Kong stocks on Friday suffered their worst drop in more than eight months as worries about the impact from a new strain of avian flu in China hurt sentiment, slamming airline shares in particular.

Stocks on Bursa Malaysia closed slightly higher last Friday on late bargain hunting after mild profit-taking in the morning session. Foreign funds buying has helped boost the local market as over the last five days, foreign investors have pumped in about RM2.5 billion into the market. FKLI spot month contract opened higher Monday morning at 1,688 and reached the day’s high of 1,691 before closing at 1,683.

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