KUALA LUMPUR: The local bourse closed flat on Tuesday after a round of profit taking activities earlier in the day.
The KLCI slipped 0.49 of a point to 1,008.87 at 5pm.
OSK Research noted that while it was not impossible for the key index to continue stretching its gains, the market would eventually need to take a healthy breather.
“Anyhow, we believe the bulls should able to party on at above the 1,000-mark for sometime,” it said.
At Bursa Malaysia, 335 counters was up, 303 down and 252 traded unchanged. There were 1.9 billion shares done with a total value of RM1.8bil.
Among the banking stocks, BCHB fell 10 sen to RM8.45, Maybank added 12 sen to RM4.58 and EON Capital rose 26 sen to RM3.96.
Plantation stocks IOI Corp was down 8 sen to RM4.34 and Sime Darby slipped 5 sen to RM6.65.
Toll concessionaire Plus Expressways dropped 12 sen to RM3.20.
Asian markets, however, were mainly higher.
Crude palm oil fell RM62 to RM2,640 per tonne.
Nymex crude oil slipped 54 cents to US$53.93 per barrel.
The ringgit was quoted at RM3.5105 to the US dollar.
The KLCI slipped 0.49 of a point to 1,008.87 at 5pm.
OSK Research noted that while it was not impossible for the key index to continue stretching its gains, the market would eventually need to take a healthy breather.
“Anyhow, we believe the bulls should able to party on at above the 1,000-mark for sometime,” it said.
At Bursa Malaysia, 335 counters was up, 303 down and 252 traded unchanged. There were 1.9 billion shares done with a total value of RM1.8bil.
Among the banking stocks, BCHB fell 10 sen to RM8.45, Maybank added 12 sen to RM4.58 and EON Capital rose 26 sen to RM3.96.
Plantation stocks IOI Corp was down 8 sen to RM4.34 and Sime Darby slipped 5 sen to RM6.65.
Toll concessionaire Plus Expressways dropped 12 sen to RM3.20.
Asian markets, however, were mainly higher.
Crude palm oil fell RM62 to RM2,640 per tonne.
Nymex crude oil slipped 54 cents to US$53.93 per barrel.
The ringgit was quoted at RM3.5105 to the US dollar.
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