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Slowing foreign outflows lift Malaysian shares in thin trade

KUALA LUMPUR (NewsRise) -- Malaysian shares recouped early losses to rise for a third session Thursday, as ebbing foreign fund outflows ahead of the year-end helped lift the benchmark index to two-week highs. 

The FTSE Bursa Malaysia KLCI rose 0.5% to 1,637.93 points, its highest level since Dec. 14. The index fell 0.3% in early trade. KLCC Property Holdings and Hong Leong Bank rose over 2% each, while index heavyweight Tenaga Nasional added 2.2% to 13.9 ringgit. Hap Seng Consolidated declined 3.7% to 8.53 ringgit after touching fresh record highs on Tuesday and Wednesday.

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