India, May 5 -- The Malaysia stock market has moved higher in two straight sessions, gathering almost 15 points or 0.9 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and it may see continued strength on Monday.
The global forecast for the Asian markets is positive on an improved outlook for interest rates. The European and U.S. bourses finished solidly higher and the Asian markets are expected to open in similar fashion.
The KLCI finished modestly higher on Friday as gains from the financials and telecoms were offset by profit taking among the plantation stocks.
For the day, the index gained 9.29 points or 0.59 percent to finish at 1,589.59 after trading between 1,581.59 and 1,590.56....