WEEKLY HIGHLIGHTS
· Led by buying of selected blue chips by local and foreign funds, the KLCI touched a new record high of 1,423.8 points on Thursday before easing on profit-taking to close at 1,397.5 points for a marginal loss of 0.1% for the week.
· Regional markets closed on a mixed note following the U.S. Federal Open Market Committee’s (FOMC) decision to reduce the Federal funds rate by 25 basis points to 4.50% on Wednesday.
· The local market is expected to continue to take its cue from regional markets as investors monitor the outlook for economic growth and interest rates in the U.S.
Tuesday, November 6, 2007
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