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THE last trading day of 2002 saw the KLSE Composite Index (CI) closing not with a bang, but with a whimper. The much anticipated last minute window-dressing activities failed to make an impact. Instead heavyweight Maybank #150; a key component stock of the CI #150; lost 45 sen, dragging the market down.
AVERAGE lending rates are expected to come off slightly, which is not surprising as focus of loans growth is retail driven, said SJ Securities research head Anthony Dass.
THE KLSE got off to a rocky start in the first trading day of the year as window-dressing activities that had lent support to the market in recent weeks apparently disappeared. The Composite Index (CI ) skidded nearly 14 points or 2.15% to 632.4 yesterday, as investors sold down their holdings, on heightened fears of war between the US and Iraq.
THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.
INVESTMENT holding company, Avenue Assets Bhd, expects to return to the black for the financial year (FY) ending Jan 31, 2003, its managing director Gooi Hoi Soon said.