The index closed at 1743.57 points on Friday, a tiny gain for the week. The central bank, Bank Negara did not inspire much confidence in investors when it made the statement that it`ll not intervene in foreign exchange rates. The Ringgit has plummeted badly in recent months, making it the second worst performing currency in Asia after Japan.
Overall, the outlook is still gloomy for KLCI with nothing fundamentally concrete to push the index up and gain its much needed foreign investors.
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