THE KL stock market yesterday staged a much-awaited breakout from its lacklustre performance of the past 1½ weeks, with the benchmark Composite Index (CI) closing 8.9 points, or 1.1%, higher at 790 on broad-based buying of blue chips and big cap stocks by both local and foreign fund managers.
Positive news such as the Malaysian Institute of Economic Research's report of a third consecutive quarter of increased retail sales and a rise in the consumer sentiment index, and the higher overnight close in US stock markets, also helped lift market sentiment.
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