Update in progress........

Saturday, June 21, 2008

Weekly Review on KLCI

The KLCI gained 0.7% on Monday, hitting a weekly high of 1241.59. Sellers returned on Tuesday and the index fell 0.8% while turnover dropped to a 2-year low. The KLCI tumbled 1.2% on Wednesday when Sabah Progressive Party said it would initiate a no confidence motion against the Prime Minister. The KLCI lost 1.3%, breaking below the 1,200 psychological mark on Thursday. Bargain buyers returned to scoop up valued stocks on Friday, after other BN component parties vowed their support to PM.

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