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(From Business Times (Malaysia))
YESTERDAY, the Kuala Lumpur Composite Index (KLCI) staged a sharp technical pullback in tune with the major weaknesses on the regional stock markets, falling across a wider front.
The KLCI opened lower at 834.06 points before slipping in step with the weak performances on the regional stock markets. It tumbled to its intra-day low of 808.29 before staging a mild rebound to close at 813.44 points, posting a day-on-day loss of 21.93 points, or 2.63 per cent.
Small-capitalised plantation counters resumed their upbeat momentum yesterday. Another small-capitalised counter, Kuchai Development Bhd, tagged along the superb …