KLCI had closed higher on this Tuesday and Wednesday, rebounding after a correction on Monday. The Composite Index rose 0.7 % or 7.65 points on Wednesday to 1043.81 in heavy volume of 1.3 billion shares.
The CEO of Bursa Saham Malaysia Bhd., Yusli said that KLCI should be getting higher in these few weeks (Even there would be some profit-taking activities). This is because the foreign investors have recently returned to the market of Malaysia. From the statistics recorded, they had mainly invested in the blue-chips. Hence, those companies should continue to perform well in terms of the company’s profits, in order to strengthen their investors’ confidence and bring the KLCI to another higher stage.
On the other hand, most of the Asian stocks were closed higher on this Wednesday. Manila had rose 1.1% to a 9-year high on heavy trading, to finish at 2,855.23. Furthermore, the stocks from Tokyo, Hong Kong, Seoul, and Singapore had also risen more than 1%.
