THE local stock market rallied for a second consecutive day yesterday after economic information released on Monday and better corporate results suggested that more fundamental reasons to back up higher stock prices could emerge during the second half of the year.
The benchmark KLSE Composite Index (CI) closed up 1.3% or 9 points at slightly above the 720-point level, which some analysts take as a signal that the market has broken out from its two-week-long consolidation period.
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