AS the Kuala Lumpur stock market continued its losing streak for a fifth consecutive day yesterday, with the KLSE Composite Index (CI) shedding nearly seven points to 775, hopes of a rally to take the benchmark back above the 800 level by New Year’s Eve are fading fast.
With only nine trading days left in 2003, analysts who were confident at the beginning of December of the CI’s ascent beyond the key resistance level have turned decidedly pessimistic in their short-term outlook.
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