CI likely to head south in Q1


Last close (Jan 3): 633.50 points, off 16.90 points from a week ago. Week’s high: 648.50 points; Week’s low: 627.60 points. 

The KLSE Composite Index (CI) failed to maintain its upward momentum during the New Year four-day trading week and retraced sharply to close with minor losses. Aggressive selling of key index-linked stocks pressured the CI back to its mid-December 2002 lows at Friday’s close. The CI closed 2002 at 646.30 points, down 49.80 or 7.2% from previously. 

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