IF the Kuala Lumpur Stock Exchange's performance over the last two weeks is anything to go by, the deluge of corporate results released into the market in recent weeks have provided investors with little in the way of encouragement.
Although the October to December quarter is typically a quieter period as most people use that time of the year to unwind and revel in the year-end festivities, the situation was exacerbated by the protracted US-Iraq stand off.
As a result, although eight of the Composite Index's top ten market capitalised companies announced improved results that were generally in line with consensus estimates, it had failed to provide investors with the much-needed impetus.Malayan Banking Bhd
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