The KLCI extended its year-to-date (y-t-d) gains from last Friday to close 14.59 points or 0.92% higher at 1,606.43 yesterday. PETALING JAYA: Bullish retailers continue lifting the market higher as they revel on the optimism in global equities, a fortnight into the second half of 2020 where the economy is expected to start gaining traction. The FBM KLCI closed above 1,600 points for the first time in six months since Jan 7 on the back of a strong volume comprising 9.54 billion shares changing hands. The benchmark index of Bursa Malaysia extended its year-to-date (y-t-d) gains from last Friday to close 14.59 points or 0.92% higher at 1,606.43 points yesterday. The FBM KLCI woke up yesterday to a 4.56-point increase to 1,596.40 points and it took only 13 minutes to hit 1,601.47 points. Profit taking ensued, which saw the index erasing some of its early gains to 1,595.75 at 11.45am, but that barely lasted more than five minutes as retail investors lifted the market back up to an intraday high of 1,608.34 points. This was in line with all key markets in the region, which were all in the positive region except for Singapore,
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