Investors could take profit as results period ends

KUALA LUMPUR: Following the previous day's rally, the benchmark FBM KLCI is expected to consolidate as the corporate results period comes to a close ahead of the Merdeka Day holiday.

In its market review, TA Securities Research said blue chips, especially utility, banking and oil and gas heavyweights, gained in the previous trading sessions amid a firmer regional tone on China's measures to stimulate the domestic stock market and economy.