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KLSE CI surges to 17-month high
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.
Laggard KLSE presents investors opportunities
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.
Blue-chip buying lifts CI by 6 points
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.
MK Land aims high for key project
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.
Analysts: CI may test 800 by year-end
THE bullish tone on the KLSE is set to continue and technical analysts are expecting the Composite Index (CI) to test the 800-point range by the end of the year.
ABN Amro focuses on strength
THE banking industry in the country remains a challenging but rewarding environment for the Netherlands-based ABN Amro Bank Bhd, said country representative and acting managing director Jeremy Oliver.
TA: Budget shouldn’t be about pushing up market
THERE is very little direct correlation between the national budget and stock market's performance, says Ngu Chie Kieng, TA Securities head of research.
Foreign busines news in brief
Foreign busines news in brief: 'FDI in China seen hitting US$57bil', 'AIG-led group seals Hanaro takeover', 'Goldman may beef up Taiwan ops'.
Pacific Mutual CEO: CI can hit 880 next year
THE KLSE Composite Index (CI) could gain more than 140 points over the next 6-12 months to hit 880, the head of an investment fund said yesterday.
