Malaysian market up on strong support, foreign funds return

Resistance level: Brokerages caution on a limited short-term market upside, expecting resistance around the 1,830 level. — AP

PETALING JAYA: Malaysian equities had another solid close yesterday, with the benchmark index breaking past the crucial 1,800-point level, in a sign of growing confidence in the country’s capital market.

Rising for the second consecutive day, the FBM KLCI gained 13.64 points, or 0.76%, to close at an 11-week high of 1,804.73. Volume was moderate, with 2.77 billion units worth RM2.71bil changing hands.