Profit-taking takes over after Wall Street decline

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Profit-taking takes over after Wall Street decline
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At 9am, the benchmark FBM KLCI was down 1.49 points to 1,422.01.

According to TA Securities Research, stocks should stay range bound on weak follow-through buying and caution over China's softening economic growth momentum and US government debt limit talks.

"Immediate overhead resistance is at 1,450, followed by the leveling 200-day moving average at 1,456, with 1,480 and 1,500 acting as stronger resistance levels," it said in a market commentary.

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