Late buying pushes KLCI turnover, volume to multi-year highs

KUALA LUMPUR (June 1): Late buying interest pushed the FBM KLCI up 1.75% in the last 10 minutes of the trading day on Tuesday (May 31), ahead of changes that will take place in the MSCI’s equity indices as part of its bi-annual review.

The 11th-hour rally turned the Malaysian benchmark index into one of Tuesday’s best performers in the Southeast Asia region, as it spiked 1.75% or 27.08 points to 1,570.10, its highest in almost four weeks.

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