KLCI to extend gains as investor sentiment perks up

KUALA LUMPUR: BIMB Securities Research expects the Malaysian market to remain positive on Tursday following improved investor sentiment and attractive valuations with immediate resistance at 1,735 to 1,740.

Local funds were net buyers on Wednesday at +RM130.8mil where the KLCI ended sharply higher, up 21.32 points or 1.25% to 1,727.96. Foreign funds were net sellers at -RM40.9 while retail investors seized the opportunity to take profit with net selling surging to –RM89.90mil.