Dealers expect the local bourse to remain range-bound, with no fresh domestic catalysts in sight.
PETALING JAYA: The FBM KLCI closed higher yesterday, tracking regional gains.
At 5pm, the FBM KLCI closed 11.66 points higher, or 0.76%, at 1,538.64, its intraday high, after rebounding from a low of 1,528.63.
Market breadth was negative, with 479 gainers versus 533 decliners, while 505 counters traded unchanged. Turnover stood at 2.9 billion shares valued at RM2.75bil.
Dealers expect the local bourse to remain range-bound, with no fresh domestic catalysts in sight.
The key index is likely to stay in a sideways or consolidating trend. Externally, investors are keeping a close watch on upcoming US economic data releases, including the Purchasing Managers’ Index and ISM Services figures.
Among the gainers, Nestle Malaysia Bhd
jumped 82 sen to RM89.80, Heineken Malaysia Bhd rose 68 sen to RM24, Malaysian Pacific Industries Bhd added 52 sen to RM20.40 and Petronas Dagangan Bhd climbed 42 sen to RM21.84.
