THE KLSE Composite Index (CI) made a strong 17.6-point surge yesterday to close above 845 points on an optimistic remark by a deputy minister that Malaysia had posted a stronger-than-expected gross domestic product (GDP) growth last year.
Dealers and fund managers said the CI, now at its highest level since July 2000, was also boosted by higher regional closings – including in Japan and Singapore – as well as expectations of a positive outcome from the California Public Employees' Retirement System's (CalPERS) investment committee meeting overnight.
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