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THE local stock market fell back yesterday with the KLSE Composite Index (CI) shedding seven points or 0.97% to finish at 683 but analysts and fund managers saw this as a #8220;healthy consolidation#8221; before the benchmark index resumes its march past the psychological 700-point barrier.
THE commercial property sector and the real estate investment trusts (REITs) appeared to be the biggest winners from the Budget, which has proposed the setting up of a bumiputera property trust foundation, Yayasan Amanah Hartanah Bumiputera, as well as tax incentives for REITs.
STOCKS on Bursa Malaysia had their best quarter for the year during the July-Sept period, brushing aside concerns of record oil prices and slower economic growth.