STOCKS on Bursa Malaysia staged a strong rebound yesterday, lifted by buying of blue-chip stocks while lower liners continued to attract heavy trading interest. At the close, the Kuala Lumpur Composite Index rose 10.62 points, or 1.2%, higher to 890.02.
A dealer said market confidence had been restored with the authorities making concerted efforts to restrict stock manipulation and that sentiment was further boosted when CIMB Bhd declared it would provide financing for shares considered non-marginable by other financial institutions and stockbroking firms.
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