NSTbusiness: Gainers led losers by 147 to 93 on the broader market, with 203 counters unchanged, 1,530 untraded and 40 others suspended. BursaMalaysia
At 9.07 am, the FTSE Bursa Malaysia KLCI added 1.96 points to 1,539.04 from Tuesday’s close of 1,537.08, after opening 2.14 points better at 1,539.22 this morning.
“We see the consolidation spell to remain in place for the time being as investors continue to monitor for developments on the government’s stimulus measures, whilst gains will be kept in check on the recent sluggish economic data,” it said today. For now, it reckon that the range bound trend will be in place as the FBM KLCI looks to hover between the 1,535-1,555 levels. However, a pullback below the 1,535 level may see further weakness towards the 1,515 level.
Among the heavyweights on Bursa Malaysia, Maybank rose two sen to RM8.49, Tenaga and Public Bank added four sen each to RM12.64 and RM17.74 respectively, while Petronas Chemicals lost two sen to RM6.46.
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