THE local stock market fell back yesterday with the KLSE Composite Index (CI) shedding seven points or 0.97% to finish at 683 but analysts and fund managers saw this as a “healthy consolidation” before the benchmark index resumes its march past the psychological 700-point barrier.
After reaching an intra-day high of 690 points earlier in morning trade, the CI retreated to a day's low of 681 before finishing slightly higher at 683. Total volume traded amounted to 505.42 million shares valued at RM624mil.