Possible Chinese New Year rally on the cards


REVIEW: Bursa Malaysia kicked off the year 2012 on Tuesday on a soft note, with the benchmark FBM Kuala Lumpur Composite Index (FBM KLCI) easing a significant 7.13 points to 1,523.60 on profit-taking following a last minute spurt prior to the long break.

Despite that, the overall sentiment was mixed. While the quality issues bore the brunt of selling, most second and lower liners managed to chalk up gains as retail investors started taking new positions on expectations of a rally ahead of the Lunar New Year.

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