Technical indicators positive for CI


Last close (July 4): 725.11 points, up 33.66 points from a week ago. Week’s high: 725.91 points; Week’s low: 691.15 points. 

The KLSE Composite Index (CI) advanced and established fresh rally highs on fresh buying by local and foreign funds last week. Strong gains across-the-board and big advances in most key index-linked stocks took the index to its highest close in 45 weeks. Hefty gains in some main index stocks encouraged heavy profit-taking but it was easily absorbed by the charging bulls. 

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