Disappointing 2008 with KLCI losing nearly 39% amid global crisis

PETALING JAYA: For investors, 2008 is a year which they wished to forget as soon as possible after the KL Composite Index (KLCI) fell 38.9%.

The KLCI rose to its historic high of 1,516.22 on Jan 11 but the euphoria proved unsustainable in the later part of last year, as investors’ sentiment was battered mainly by the US financial crisis, which saw the exit of foreign funds.