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CI TO CONSOLIDATE WITHIN 930-970 PTS RANGE NEXT WEEK.
KUALA LUMPUR, Jan 29 (Bernama) -- The Composite Index (CI) is expected to continue hovering within the 930 and 970 points range next week as the market takes a breather after its recent long climb, a dealer said.
Although there would be a spur of interest on banking stocks in view of the Jan 31, 2000 deadline for bank mergers, it may not be enough to catapult the CI by as much as 40 points, he added.
The CI was in a previous "consolidation phase" between August and December 1999 before it broke out and leapt to about 970 points before it dipped to its current levels.
Market sentiment and strength, he said, were still weak and the consolidation could …
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