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Article: Investors switch to cheaper 2nd boarders, BUSINESS TIMES
- Article from:
- Business Times (Malaysia)
- Article date:
- July 11, 2003
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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00-00-0000
INVESTORS turned their attention to second- and lower-liners yesterday,
and helped push the smaller Kuala Lumpur Second Board Index to a near
52-
week high.
The index gained 2.42 points, or 2 per cent, to end the day at 124.54
points.
Analysts said investors were switching to cheaper second board stocks
from the blue-chips.
Mesdaq counters were also seeing some interest from investors. The
Mesdaq Index rose 2.62 points, or 2.2 per cent, to end at a 12-month
high
of 120.68 points with 150.9 million shares done yesterday.
The benchmark Kuala Lumpur Stock Exchange Composite Index continued
its downward trend for the third consecutive day to end at 723.85
points.
It lost ...
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