MALAYSIAN shares closed up 0.36 per cent today despite profit taking by retail investors, dealers said.
The Kuala Lumpur Composite Index gained 3.21 points to close at 872.55 with 382.54 million shares traded worth RM759.10 million.
There were 280 gainers, 179 losers and 176 traded unchanged.
SJ Securities analyst, Phua Kwee Hock, said the local market's upside would likely be capped at 876 for the week as it was likely to soften ahead of trade and jobs data on Friday.
The Finance Index increased 81.07 points to 6,541.58 and the Industrial Index gained 6.37 points to 2,100.19.
The Plantation Index, however, dropped 52.84 points to 4,487.74.
The FBMEmas rose 25.06 points to 5,701.13 and the FBM30 went up 18.71 points to 5,598.49.
The FBM2BRD, however, fell 16.31 points to 3,872.38 and the FBM-MDQ slipped 33.72 points to 2,942.67.
“The market underwent a technical rebound after yesterday’s correction,” a dealer told Dow Jones Newswires.
“Gains in regional markets and buying interest from local funds provided an additional lift to some heavyweights and index-linked issues,” the dealer said.
Among gainers, Maybank was up 5.5 per cent to RM3.86 while Public Bank rose 1.3 per cent to RM7.55.
On the downside, IOI Corp dropped 2.6 per cent to RM3.80 while Tenaga slid 0.8 per cent to RM6.10. - AFP/Bernama
The Kuala Lumpur Composite Index gained 3.21 points to close at 872.55 with 382.54 million shares traded worth RM759.10 million.
There were 280 gainers, 179 losers and 176 traded unchanged.
SJ Securities analyst, Phua Kwee Hock, said the local market's upside would likely be capped at 876 for the week as it was likely to soften ahead of trade and jobs data on Friday.
The Finance Index increased 81.07 points to 6,541.58 and the Industrial Index gained 6.37 points to 2,100.19.
The Plantation Index, however, dropped 52.84 points to 4,487.74.
The FBMEmas rose 25.06 points to 5,701.13 and the FBM30 went up 18.71 points to 5,598.49.
The FBM2BRD, however, fell 16.31 points to 3,872.38 and the FBM-MDQ slipped 33.72 points to 2,942.67.
“The market underwent a technical rebound after yesterday’s correction,” a dealer told Dow Jones Newswires.
“Gains in regional markets and buying interest from local funds provided an additional lift to some heavyweights and index-linked issues,” the dealer said.
Among gainers, Maybank was up 5.5 per cent to RM3.86 while Public Bank rose 1.3 per cent to RM7.55.
On the downside, IOI Corp dropped 2.6 per cent to RM3.80 while Tenaga slid 0.8 per cent to RM6.10. - AFP/Bernama
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