Investors were seen awaiting direction from institutional players while Hong Leong Investment Bank Research expected the market to climb despite the lacklustre earnings outlook due to the recent catalysts. It cited the cut in OPR, coupled with improved fiscal position, low foreign shareholding and possibility of snap election.
HL Industries was the top gainer, up 14 sen to RM8.42, Bakawan added eight sen to RM18.08 and Press Metal
six sen to RM3.96.
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