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Bursa Malaysia continued its uptrend at the close yesterday due to increased interest from retail and repositioning of portfolios by institutional and foreign investors, analysts say.
The prospect of a stronger gross domestic product (GDP) growth, together with a firmer ringgit and more foreign investments coming into Malaysia, will likely push the FBM KLCI to the 1,700 level next year.
Come Monday, Dec 18, 2023, YTL Corp Bhd and YTL Power International Bhd (YTLP) will be auto-added into the widely followed FBM KLCI, a move that will kick out two other index constituents, that is, Dialog Group Bhd and Westports Holdings Bhd.