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IT WAS another strong day for the local stock market. Foreign buying of blue-chip stocks pushed the KLSE Composite Index (CI) 20 points higher.
THE decision by global rating agency Standard and Poor#146;s (Samp;P) to upgrade Malaysia#146;s long-term foreign currency rating (together with that of Thailand and Indonesia) must be particularly gratifying for Prime Minister Datuk Seri Dr Mahathir Mohamad.
DESPITE the heightened activity on the KLSE of late, the local bourse is still lagging when compared against regional markets in terms of gains since early this year. But this is cause for optimism.
AN upgrade in Malaysia's credit rating plus continued interest in blue chips lifted the KLSE Composite Index (CI) yesterday to its highest level in nearly 17 months.
THERE are strong indications long-term foreign funds are already poised to return to the KLSE as both political and economic factors are favourable for their return, fund managers said as the KLSE Composite Index (CI) broke through the 750 barrier yesterday.
FRESH buying interest in blue-chip stocks helped send the KLSE Composite Index (CI) up 5.82 points or 0.78% yesterday to 748.55 - its highest close since Sept 9.
PROPERTY developer MK Land Bhd hopes to achieve sales of RM500mil from its key township project of Damansara Perdana in Selangor in the financial year ending June 2004.