KUALA LUMPUR: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rose 2.76 points or 0.19% to 1464.54 points at 9.17am. It opened at 1465.84 points this morning, jumped 4.06 points.
MAYBANK was up 1 sen to RM8.72; CIMB rose 2 sen to RM8.19; AXIATA jumped 2 sen to RM4.42 while IOI dropped 1 sen to RM5.54.
HwangDBS Vickers Research said the consolidation process on the Malaysian stock exchange was set to continue after its benchmark FBM KLCI ran into a wall of resistance at the 1,465-mark, adding that the immediate support level remained at 1,435.
“This comes as there are little new market developments to excite investors to buy equities at this juncture. Quite naturally then, profit-takers will likely outnumber bargain-hunters following the recent multi-week rally,” it said in a report today.
For Asian markets, Tokyo’s Nikkei 225 slipped 51.78 to 9507.60; Straits Times Index dropped 8.37 to 3097.66 , Taiwan Taiex Index rose 16.50 to 8257.39 points while Kospi Index dropped 4.32 to 1862.13.
Nymex crude oil in electronic trade dropped 8 cents to US$77.78 per barrel.
Spot gold slipped US$2.60 to US$1307.25 per ounce.
The ringgit was quoted at 3.0855 to the US dollar.
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