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KLCI Rallies While Regional Markets Correct
By Shares Investment

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Extract Kuala Lumpur Composite Index (KLCI): Time For A Pullback While other regional markets started to go into a correction mode, the Malaysian equity market remained in a bullish mode last month after forming a reversal early in the month. Some positive catalysts in the financial market included rising crude palm oil prices, better-than-expected financial and economic data in the US, and the liberalization of the Bumiputera quote for companies in 27 services sub-sectors. The KLCI surged 107.25 points or 12% on-month to close at 992.68 points on 24 Apr. Trading volume increased tremendously in the previous two weeks, exceeding two billion shares ...
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