KLSE Testing Support

April 2005 | Market Strategy

Malaysia's KLSE equity index fell to a five-month low of 865 yesterday, taking losses from a 56-month closing high of 938 on January 18 to around 8%. After a promising start to the year, it has become one of the worst-performing Asian bourses in 2005. The latest downside was triggered by concerns that a recent relaxation of capital controls could cause short-term outflows of investment. Admittedly, most Asian equity indices have suffered lately, from the prospect of faster-than-expected rate hikes in the US, and record-high oil prices, but the KLSE has been in near continuous decline since before these became

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