KL market snaps losing streak on technical rebound


  • Business
  • Thursday, 13 Mar 2003

THE local stock market snapped a five-day losing streak yesterday, with the KLSE Composite Index (CI) closing 9.88 points higher at 629.10 on bargain hunting and signs of reduced tension between the United States and Iraq. 

Describing the rebound as technical, analysts said it had been expected as the CI had been on the downtrend for the previous five trading days. 

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