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Malaysia Perspective| 15 June 2009
Markets Soaring With Confidence
By Malaysia Edition

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Extract Kuala Lumpur Composite Index (KLCI): Higher Level Of Investor Confidence The equity market has been bullish since March. The KLCI climbed as high as 1,059.88 points before settling at 1,044.11 points at the end of May. The index increased about 24% since March. Investors were not taken aback by the weaker-than-expected quarterly GDP growth. The government announced a 6.2% contraction for 1Q09 and revised its full-year 2009 GDP forecast to contract between 4% and 5%. The KLCI rallied in tandem with the rallies in regional markets: most markets climbed more than 50% from their March lows. However, trading volume decreased for the ...
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