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THE local stock market appears to be finally playing catch-up with its regional peers which had chalked up substantially higher gains last year. Some analysts in fact expect the KL market to turn from a laggard to a high-flying performer this year.
MALAYSIA'S reinstatement into the CalPERS list of permissible investment markets boosted blue-chip and large-cap stocks on the MSEB yesterday as expectations of other foreign funds returning to the market became increasingly tangible.
THE bullish run on the stock market is attracting many retail investors and punters to take a closer look at the stocks that have performed well.
THE benchmark KLSE Composite Index (CI) ended at a new high for the year of 861.72 points yesterday for a total gain of 35 points or 4.3% for the week.
THE bulls in the local stock market continued their charge Thursday, bolstering the KLSE Composite Index by 13.3 points, or 1.5%, to 885.3 - the highest level since June 2000.
China will step up efforts this year to ease upward pressure on the yuan, including allowing companies to retain more hard currency and invest more overseas, the country's top foreign exchange official was quoted yesterday as saying.
NEWS of Temasek Holdings' purchase of a 5% stake in Telekom Malaysia Bhd sparked strong buying of telecoms and banking shares along with selected blue chips, sending the benchmark KLSE Composite Index (CI) closer to the 900-point level as a result.
The KLSE Composite Index (CI) broke the psychologically important 900-point level yesterday as investor sentiment turned up a notch on anticipation of a landslide victory for the Barisan Nasional in this Sunday's general election.