Published: 2009/06/27
RENEWED buying support in key heavyweight index-linked counters helped to reverse the falling trend on Bursa Malaysia. The Kuala Lumpur Composite Index (KLCI) continued to stay above its critical support of 1,050 when it closed at 1,075.77 points yesterday.
The KLCI opened marginally higher at 1,061.88 points before drifting lower to its intra-day low of 1,040.40 on Monday. The KLCI closed at 1,045.97 points, giving a day-on-day loss of 13.53 points, or 1.28 per cent. It continued to fall further on the weak performances on Wall Street and regional stock markets on Tuesday.
The KLCI staged a late-day rebound to close at 1,044.48 points, giving a day-on-day loss of 1.49 points, or 0.14 per cent.Renewed buying support in key heavyweight index-linked counters sent the KLCI higher on Wednesday. The KLCI closed at 1,057.85 points, giving a day-on-day gain of 13.37 points, or 1.28 per cent.