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THE stock market welcomed the smooth transition of political leadership yesterday with the KLSE Composite Index (CI) closing five points higher at a 38-month high of 817 points despite bouts of profit taking.
MORGAN Stanley Dean Witter believes Malaysia should move away from the single-track mass manufacturing export-oriented model funded by foreign direct investment into a more balanced dual-track model that pays more emphasis to the development of a thriving small- to medium-sized industry base.
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.
US investment banks Morgan Stanley and Lehman Brothers Holdings Inc have reported third-quarter profits that were more than double those a year ago, while earnings at rival Goldman Sachs Group Inc increased more modestly as revenue from bond trading fell sharply.