KLSE rebounds to buck the trend

  • Business Premium
  • Wednesday, 29 Jan 2003

THE KLSE rebounded strongly yesterday, in apparent defiance of the cloud of uncertainty that has hung over the market since last week as a US-led military action against Iraq looks increasingly imminent.  

After five successive days of losses, the KLSE benchmark Composite Index (CI) regained some lost ground by ending 7.01 points or 1.05% up at 671.63 yesterday. Although the market opened 1.57 points lower in the morning, it picked up momentum in the afternoon led by selected blue chips, and buying interest pushed the CI higher at the close of the day. 

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